Anyone else have a problem with Bank Of America?

12 years ago

This one's even better.

Bank of America Gets Pad Locked After Homeowner Forecloses On It | digtriad.com

EDIT: I overlooked the video of this you have posted above.

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TLTheLiberator

12 years ago

My wife and I have completely dumped BOA in every way.

TL

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Kingfish85 12 years ago

Originally Posted by TLTheLiberator

My wife and I have completely dumped BOA in every way.

TL

Good move. We use a local credit union for both personal & business.
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- Dave Patterson 12 years ago
  
  Originally Posted by Kingfish85
  
  Good move. We use a local credit union for both personal & business.
  
  Another good move. I went strictly credit union about 7 years ago and couldn't be more satisfied...
  
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  MissTerraK 12 years ago
  
  Sheesh!
  
  I've never done business with BOA and now I'm sure I never will!
  
  Thanks for the heads up Kim!
  
  Terra
  
  Thanks
  
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KimW 12 years ago

Originally Posted by TLTheLiberator

My wife and I have completely dumped BOA in every way.

TL

We would love to but we can't. We actually never even did anything with them but they took over the company that had our loans and since then have done nothing but lie and harass us. I honestly think they don't have any legal paperwork to our loan which is why they are trying so desperately to get us to sign anything. Which we refuse to do.
I contacted my states attorney general at the advice of my congressman and told him I want an investigation into BOA practices and a lawsuit filed against them for every homeowner they have tried this on in our state. I would say nationwide but it takes the feds to do that,and after all, the feds gave them the money to keep them in this racket.
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KimW

12 years ago

Terra,
You wouldn't believe t if I told you the whole story. I really posted this in case anyone else is going through it so they would know they are not alone and that they need to take action collectively.

I actually had an employee admit to me that the bank had "misapplied" a payment and she was going to check and see if it had happened any other time and get back to me.
Well,guess what,she never got back to me and refuses to call me back.

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MissTerraK

12 years ago

Originally Posted by KimW

Terra,
You wouldn't believe t if I told you the whole story. I really posted this in case anyone else is going through it so they would know they are not alone and that they need to take action collectively.

I actually had an employee admit to me that the bank had "misapplied" a payment and she was going to check and see if it had happened any other time and get back to me.
Well,guess what,she never got back to me and refuses to call me back.

Why am I not surprised! :rolleyes:

Idiots!

I wish you all the best Kim!

Go after 'em and make sorry they messed with you!!

Terra

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KimB

10 years ago

They almost foreclosed on me in 2010 over a payment that was misapplied to someone elses loan and a payment 20.00 shy of the correct amount (because of the impound acct.). They called it a miscellaneous posting instead of a payment. Its incredible what they did to us. They just located the payment from 2010. I have asked and asked and phone calls not returned. They are unbelievably incompetent and wanted to foreclose badly! The story is long..If anyone has sued and won, please tell me about it! I am in California and would like an experienced attorney.

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seasoned

10 years ago

Originally Posted by KimB

They almost foreclosed on me in 2010 over a payment that was misapplied to someone elses loan and a payment 20.00 shy of the correct amount (because of the impound acct.). They called it a miscellaneous posting instead of a payment. Its incredible what they did to us. They just located the payment from 2010. I have asked and asked and phone calls not returned. They are unbelievably incompetent and wanted to foreclose badly! The story is long..If anyone has sued and won, please tell me about it! I am in California and would like an experienced attorney.

Well, it is a little known fact that most, and perhaps ALL, US banks MICROFICHE all checks. It turns out it is cheaper and easier than just doing the ones they are required by federal law to mcrofiche, to help fight money laundering. ALSO, they DO return them, etc... Couldn't you get a copy of the 2010 check, and prove your case? If not, if I were you, I would try to benefit from the laws THEY do, and demand they reverse the charges!

Of course, that is about 4 years too late now, and I don't know if they would still have them NOW. LESSON LEARNED! If they DID foreclose, I would want to get the greater of the value paid to when you had to start packing, or what they earned in excess of the value of the house, and related expenses. That might be the most you can hope for. I am certainly not a lawyer, but you ought to be able to get AT LEAST that much. Many people do NOT give themselves enough comfort to make two payments on a given month, so they shouldn't foreclose quickly over such a problem. If you have a check that they have no record of that is microfiched by another bank and says the mortgage entity cashed it within the questioned period, that is PROOF that THEY got the money, and should give you the benefit of that. You will have multiple agencies that can back that contention up. EFT should ALSO be traceable in that way, as well as wired or credit. The stupid money laundering laws sometimes actually HELP!

Suing a bank for money is likely not that easy. It turns out that many banks are VERY incompetent and you CAN delay or stop a foreclosure by demanding to see the note. They are REQUIRED by FEDERAL LAW to present it! WHY? Because IT is the basis of their ownership and without IT their case FALLS APART! THAT is what you signed at the closing. I wouldn't have believed it, but banks DO do a LOT of shifting these days, and I have heard of MANY delaying cases with this ONE trick. Someone likely has it, so consider it a delay tactic.

To make things WORSE, you would need an attorney, so you probably have to double any claim, since they may take 30-50%. AGAIN, IANAL!

Steve

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SteveJohnson

10 years ago

Originally Posted by seasoned

...

Suing a bank for money is likely not that easy. It turns out that many banks are VERY incompetent and you CAN delay or stop a foreclosure by demanding to see the note. They are REQUIRED by FEDERAL LAW to present it! WHY? Because IT is the basis of their ownership and without IT their case FALLS APART! THAT is what you signed at the closing. I wouldn't have believed it, but banks DO do a LOT of shifting these days, and I have heard of MANY delaying cases with this ONE trick. Someone likely has it, so consider it a delay tactic.

To make things WORSE, you would need an attorney, so you probably have to double any claim, since they may take 30-50%. AGAIN, IANAL!

Steve

You can't be further from the truth. Foreclosure requirements are set by states and have nothing to do with federal law. In several states that run under trust deeds instead of mortgages, production of the underlying note is not necessary for foreclosure. Idaho is one such state. The beneficiary is not required to 'produce the note' as a condition of foreclosure.

Other states may require it - but the point is that you MAY NOT be able to delay foreclosure using 'produce the note'. Every state is different.

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seasoned

10 years ago

Originally Posted by SteveJohnson

You can't be further from the truth. Foreclosure requirements are set by states and have nothing to do with federal law. In several states that run under trust deeds instead of mortgages, production of the underlying note is not necessary for foreclosure. Idaho is one such state. The beneficiary is not required to 'produce the note' as a condition of foreclosure.

Other states may require it - but the point is that you MAY NOT be able to delay foreclosure using 'produce the note'. Every state is different.

I USUALLY say may. Sorry I said CAN.

California DOES have mortgages, which is what I was answering about. There ARE federal limits to how court cases can be handled, or people can be kicked out of their homes, even if the states have different ways of securing the homes, etc...

If you have a mortgage owned by one bank, and administrated by another, a third one can't just say "HEY, WE want OUR share! Pay up, or LEAVE!"! And THAT is what I am talking about. I believe there are like 3 basic methods here. I only know something about mortgages. Sorry if I didn't mention anything about others.

Steve

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SteveJohnson

10 years ago

Originally Posted by seasoned

I USUALLY say may. Sorry I said CAN.

California DOES have mortgages, which is what I was answering about. There ARE federal limits to how court cases can be handled, or people can be kicked out of their homes, even if the states have different ways of securing the homes, etc...

If you have a mortgage owned by one bank, and administrated by another, a third one can't just say "HEY, WE want OUR share! Pay up, or LEAVE!"! And THAT is what I am talking about. I believe there are like 3 basic methods here. I only know something about mortgages. Sorry if I didn't mention anything about others.

Steve

Steve, there isn't any part of foreclosure and eviction proceedings that are covered under federal law.

There is another wrinkle, though, in this whole foreclosure mess. In some states, like California, foreclosure is a judicial process. That means that the lender has to go to court to foreclose. Other states, like Idaho, have non-judicial foreclosure laws.

Non-judicial foreclosures are easier for the lender, and much easier to abuse. They only have to follow the state's rules, and they can pretty much do what they like. Idaho courts recognized the ease of foreclosure and helped protect the little people to some degree by making lenders strictly adhere to foreclosure laws. If they fail to dot an i or cross a t, it is a relatively simple matter to get a judge to derail the process and make them start over.

I don't understand your second paragraph at all.

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Halcyon

12 years ago

I know how bad BOA is. They are a cruddy consumer/business bank and has been treating non-stockholders like crap for at least a decade. It only got worse when they took over Countrywide.

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MoneyMagnetMagnate

12 years ago

I think The Bank of America still goes today by the same slogan they had back when they were called The Bank of Italy...which is, "Make them an offer they can't refuse".

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KimW

12 years ago

I never dealt with them until they took over Countrywide.
But since that time the crap they pull is amazing.
After I contacted my congressman I found out that they hard added to my account,without telling me, 14 drive bys to verify the house was still being lived @ $20 a pop.

We have lived at the same place without interruption since 1999. What a scam.

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Halcyon

12 years ago

Originally Posted by KimW

...
After I contacted my congressman I found out that they hard added to my account,without telling me, 14 drive bys to verify the house was still being lived @ $20 a pop.

We have lived at the same place without interruption since 1999. What a scam.

Countrywide was sued for pulling that crap and BOA had to pay out millions of dollars. FTC Settlement with Countrywide

You'd think they'd learn. In appears that Countrywide was charging homeowners for preservation services never performed. Grass cutting, drive bys etc. and BOA carried on the practice.

Furthermore, if you're fighting with them always leave a light on when you leave the house for any extended period.

May 2011 our family traveled to AL and a "preservation specialist" broke into my mother-inlaw's house changed the locks and stole her piggybank.

Mind you OH is a judicial state so the house is hers until a sheriff sale. But no paperwork had been legally filed and she was still waiting to hear back regarding a loan mod.

When she called the bank (after we had to help her break into her own house) the employee said that someone road by 2 times and the house didn't appear to be lived in. Um...ok don't see how that was possible, but what about after they broke in? Surely they saw that someone lived there.

They told her they'd FedEx her a copy of the keys to the new locks. No apology and No piggybank.

Those M@!@*&% are the worst!

Keep fighting Kim

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yukon

Banned 12 years ago

Originally Posted by KimW

I never dealt with them until they took over Countrywide.
But since that time the crap they pull is amazing.
After I contacted my congressman I found out that they hard added to my account,without telling me, 14 drive bys to verify the house was still being lived @ $20 a pop.

We have lived at the same place without interruption since 1999. What a scam.

I've never heard of a bank doing something like that, sounds very odd, borderline stalking.

You should have a lawyer get the documentation that they actually verified you still live in the house.

Did you sign any paperwork each of the 14 drive bys, If not what's their proof that it's you & not someone else living in the home?

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KimW

12 years ago

Originally Posted by yukon

I've never heard of a bank doing something like that, sounds very odd, borderline stalking.

You should have a lawyer get the documentation that they actually verified you still live in the house.

Did you sign any paperwork each of the 14 drive bys, If not what's their proof that it's you & not someone else living in the home?

No I didn't sign anything, I didn't even know about it until they claimed I owed all these "miscellaneous" charges! When I questioned the charges they told me the drive bys were part of them.

By the way, since I became officially disabled due to my kidney failure in June of 2007, I am literally home 99% of the time every day all day. Of course the various medical problems affect that figure,but not by a substantial amount I don't think.

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yukon

Banned 12 years ago

Originally Posted by KimW

No I didn't sign anything, I didn't even know about it until they claimed I owed all these "miscellaneous" charges! When I questioned the charges they told me the drive bys were part of them.

By the way, since I became officially disabled due to my kidney failure in June of 2007, I am literally home 99% of the time every day all day. Of course the various medical problems affect that figure,but not by a substantial amount I don't think.

You should call them up & politely ask when would be a good time for your lawyer to stop by & pick up a copy of the drive by documentation that you've been billed for.

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KimW

12 years ago

Originally Posted by yukon

You should call them up & politely ask when would be a good time for your lawyer to stop by & pick up a copy of the drive by documentation that you've been billed for.

Oh, you are so close to being right about what very well may happen. I honestly think that my loan papers got lost when they took over Countrywide,and it already has been reported that many many loan papers did disappear during that,and that is why they are so anxious to either foreclose or get us to sign new papers.
Another thing that did without our knowledge,and I don't know if it was legal or not,was that our original loans had our payment dates the 15th of every month. Thay have apparently changed it to the first of the month without telling us and then started charging us with late payment fees. That is also being contested now.

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yukon

Banned 12 years ago

Originally Posted by KimW

Oh, you are so close to being right about what very well may happen. I honestly think that my loan papers got lost when they took over Countrywide,and it already has been reported that many many loan papers did disappear during that,and that is why they are so anxious to either foreclose or get us to sign new papers.
Another thing that did without our knowledge,and I don't know if it was legal or not,was that our original loans had our payment dates the 15th of every month. Thay have apparently changed it to the first of the month without telling us and then started charging us with late payment fees. That is also being contested now.

Before I payed my own house off, the mortgage was with Chase when we first started making payments, later the mortgage was sold a couple of times to other banks. I already had the money to payoff the house before I ever had a mortgage, I just didn't want to tie up the money. The banks finally pissed me off enough I said forget it & I payed the mortgage off about 7 years into the mortgage (their loss).

Back in the early 1990's I had another mortgage on a different house. Our tax & insurance was included in the mortgage payment (escrow) & the bank was supposed to pay the bills once each year out of that money. Every single year the insurance company would call me on the phone saying my insurance payment was late, what's the deal? Man I would be so pissed off, because I'm the kind of guy that never misses a payment when I owe someone money. So then I would have to get on the phone with the mortgage company & explain each year the same BS, that they (mortgage company) are late paying the insurance/tax bills (not me).

Basically I had to babysit the mortgage company & make sure they keep paying the insurance/tax bills.

Advice for anyone that ever gets a mortgage on a house, never get your insurance/tax bill rolled into the mortgage as an escrow payment.

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KimW

12 years ago

Originally Posted by yukon

Before I payed my own house off, the mortgage was with Chase when we first started making payments, later the mortgage was sold a couple of times to other banks. I already had the money to payoff the house before I ever had a mortgage, I just didn't want to tie up the money. The banks finally pissed me off enough I said forget it & I payed the mortgage off about 7 years into the mortgage (their loss).

Back in the early 1990's I had another mortgage on a different house. Our tax & insurance was included in the mortgage payment (escrow) & the bank was supposed to pay the bills once each year out of that money. Every single year the insurance company would call me on the phone saying my insurance payment was late, what's the deal? Man I would be so pissed off, because I'm the kind of guy that never misses a payment when I owe someone money. So then I would have to get on the phone with the mortgage company & explain each year the same BS, that they (mortgage company) are late paying the insurance/tax bills (not me).

Basically I had to babysit the mortgage company & make sure they keep paying the insurance/tax bills.

Advice for anyone that ever gets a mortgage on a house, never get your insurance/tax bill rolled into the mortgage as an escrow payment.

Again we are so close. When I mentioned earlier that the lady admitted they had misapplied the payment,thay had applied the whole payment to the escrow account. I said how could you possibly do that since the payment is included in the monthly payment...she just kinda stuutered and admitted I was right. That was also when she said she would see if any other payments had been misapplied. And that's also the last time I have spoken to her. ( As I said earlier,she wont return calls anymore).

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Doran Peck

12 years ago

Here's the thing...it goes deeper down the rabbit hole than just BoA. Most major banks are doing what BoA is doing.

You've all heard about the robo signing....which even after being slapped on the hands IS STILL GOING ON!

You've heard about the bundling of mortgages being sold and traded on the stock market. The problem there being that, by law, when the deed and mortgage are separated. The Mortgage becomes null and void.

MERS...the electronic filing of documents was wholly conceived from the get go as a way for banks to continue their ponzi scheme and not have to deal with the actual physical "Note" that you signed.

By law the only valid document that has standing is the wet ink signature document.

Then there is a process called Fractional Reserve Banking...this allows banks to draw money from the Federal Reserve, 10 times the amount they "loan" you. ( your signature actually creates new money into existence)

Yet you have not been given full disclosure of what busienss transactions happen because of your signature. By law, lack of full disclosure nullifies any contract. A mortgage is a contract.

All of this corruption is enabled because of the Federal Reserve. Nothing in this country is going to start to improve until that institution is gone.

It is a good thing that education about what the banks are doing continues to be distributed.

Keep it up.

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KimW

12 years ago

I agree all banks are doing it.I found many videos about wells fargo doing it too, but I focused on both Bank Of America and Countrywide because I feel I can prove their illegal actions.

I have a stack of 5 or 6 Fed Ex envwelopes near me from Bank Of America .Half have loan modification agreeements in them that the bank wants us to sign and return to then and the other half have letters from the bank stating we don't qualify for a loan modification!! On top of that we never asked for a loan modification, all we have asked for from them is details to the payments they claim we have missed and in almost two years so far the have not and/or cannot produce them.

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Patrician

12 years ago

Thank God at least the person at the helm who destroyed BofA with (a) the Merrill Lynch acquisition and most of all (b) Countrywide acquisition has been removed some time ago.

The person before this genius had the helm started the ball rolling down hill and I was there in technical operations but can't remember all of what happened (some 'back room' deal) but it ended with selling BofA to Nations Bank for pennies on the dollar (1998).

Of course both deposed imbeciles received horrible infractions like multi-million dollar severance packages.

Since Nations Bank is now BofA it has gotten worse and worse and worse - My stock which was $78 per share when I started working there is worth around $5 on most days.

So along with all the people ripped off by Countrywide, the people paying for these mistakes are thousands of BofA employees and former employees who lost their jobs and/or have nothing in their retirement accounts.

So don't blame AP Giannini who is probably rolling over in his grave. BofA (starting as Bank of Italy) was a righteous bank for over 100 years - an innovator and community minded bank -- just the opposite of what it has become...

RIP the real Bank of America, San Francisco, California, 1998.

RIP seems to be pending for counterfeit Bank of America, Charlotte, North Carolina

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LarryC

12 years ago

There's a good article about Bank of America in Rolling Stone:

Bank of America: Too Crooked to Fail | Politics News | Rolling Stone

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KimW

12 years ago

Pat,
I think you are right.But then again, I remember when I could walk in the bank and they people there actually knew me. I had access to the President if I wanted. And I could get a loan on a handshake and do the paperwork later.

I remember when there were no glass shields between the tellers and the customers.
Now when I pull up to the drive thru I am talking to someone on a tv via cameras and the transaction is done via pnumatic (sp?) tubes.

I also remember when banks didn't F**k you with made up and/or outrageous fees for any and everything. Hell, if I accidently over drew my account, they used to call me and tell me and not charge a dime.Now they wait and let 3 or 4 bounce and snowball before you get the letter(sent 2 days after the fact) so the original $40 fee has become $200.

Because of all that I rarely use a bank at all unless I have to.

But this is getting off topic, right now BOA is the one that needs to be stopped,no matter how good they were in the past.

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cashtree

12 years ago

Originally Posted by KimW

Pat,
I think you are right.But then again, I remember when I could walk in the bank and they people there actually knew me. I had access to the President if I wanted. And I could get a loan on a handshake and do the paperwork later.

I remember when there were no glass shields between the tellers and the customers.
Now when I pull up to the drive thru I am talking to someone on a tv via cameras and the transaction is done via pnumatic (sp?) tubes.

I also remember when banks didn't F**k you with made up and/or outrageous fees for any and everything. Hell, if I accidently over drew my account, they used to call me and tell me and not charge a dime.Now they wait and let 3 or 4 bounce and snowball before you get the letter(sent 2 days after the fact) so the original $40 fee has become $200.

Because of all that I rarely use a bank at all unless I have to.

But this is getting off topic, right now BOA is the one that needs to be stopped,no matter how good they were in the past.

Sorry to hear that KimW, I used BOA in the past and they were horrific and glad I don't use them anymore. I use a smaller bank that's local to this area, since you're also in VA you might of heard of it (Fauquier) They're a million times better and are very friendly/easy to deal with. What BOA is doing to people is disgusting, even people that don't owe them anything, the fact the government won't step in is depressing, the only people safe are the rich people because they can hire high end attorneys to go after BOA not to mention they probably have other homes to go to.

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mosthost

12 years ago

The wind howling and the dogs barking makes that first video pretty ominous.

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Halcyon

12 years ago

It really is a monstrous situation. There are just too many cooks in the BOA kitchen and no one can be bothered to help the customer.

After the above mentioned break-in, we offered to buy my mother in law's house at market value. The offer was transferred between 6 managers and in the end we had to resubmit it because no one knew who had it last. It took them seven months to tell us that we couldn't buy the house because we were related.

In a normal housing market I can understand blocking a short sale between relatives but this is not a normal market and most likely the house will just sit.

I'm glad you're fighting, Kim. They'll use all the chaos and subterfuge at their disposal in an attempt to wear you down.

Fortunately, for homeowners who choose to fight, local elected judges have been helpful. After hearing so many horror stories from their constituents, local elected officials can be your best resource. The last thing they want is pissed off homeless voters.

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KimW

12 years ago

Contacted my states Attorney General.
They said put it in writing and send it to them and they will forward to BOA and get their response. Sounds like a goverrnent runaround to me.

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Kay King 12 years ago

It IS a government runaround. This has been going on since the foreclosure rate skyrocketed a few years ago.

The feds know about it - but they have a problem.

Many mortgagees have no idea WHO owns their mortgage papers. The feds allow the bundling and selling and re-selling of mortgages to go on without oversight or restriction.

I wouldn't touch BOA and haven't for many years. I use a credit union and a small regional bank for my accounts.

Money was being made - so no questions were asked. The people affected are not a group that can easily organize to get attention - and that's a big part of the continuing problem.

If the feds acknowledge this is happening they also know the trail leads back to them - so they give excuses for doing nothing.

It's disgraceful and not featured enough by media who focus on the "topic of the day" instead of the underlying problems thousands are facing.

This practice is known throughout the govt to the very top - and absolutely nothing has been done to fix it. Courts have reversed and awarded some penalties but most homeowners don't have the resources left to go through a court battle.
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KimW

12 years ago

Kay your right. But I have BOA only because Countrywide folded and BOA took them over. And it has been nothing but a nightmare since.
I honestly think BOA doesn't have and/or can't find any legitimate papers for my property and have been trying to either force us out or force us to sign new ones. If we sign anything they definitely have us then,so it aint gonna happen.

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KimW

12 years ago

Surprise surprise. Here is an update. We got another letter today where they claim they received a payment of X amount of dollars but it isn't enough to bring the account current and they are starting foreclosure preceedings again.
I immediately called them and after about 45 minutes of getting voice mailes ( from supposedly my loan manager,then her boss,then her bosses boss I hung up cand called and skipped their phone BS). Once I got a live person on the phone I apologized for what she was about to received then told her I was sick and tired of the lies BOA tells,and that the facts are that the letter is a blatant lie because the amount they claim they received is far,far below the check they got and cashed. She verified that I was correct in the amount and said she would get me to my loan manager. After putting me on hold for a long time she said she can't find her and do I want to leave a voice nail.I exoplained I had done that 10 minutes before reaching her.
At that time I asked her if she could give me a number to a real live person in a position above my loan manager. She said yes,did I mind holding. I said not al att.I held 10-15 minutes.She came back on and said she was still trying .I help on another 10-25 minutes then was suddenly and abruptly disconnected.
I'm not surprised.
Tuesday my congressman will have yet another letter from me.

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KimW

12 years ago

True cashtreew, but like I said, we don't have them by choice,only because they some how took over countrywide.
Fauquier is an ok local bank,I see them all the time, my brother actually lives in that county.
While I will have a letter to send Monday to my congressman, I have a lawyer handling something else for me already,I think I am going to get him to draft a letter to BOA demaaanding copies of our loan documents and a deadline to provide documentation for the funds they claim we owe. We still content we don't owe anything and that the are trying to inflate things by the illegal practices such as all those drive bys.

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KimW

12 years ago

I have asked my lawyer to draw up a letter for BOA telling them to produce the loan papers and deed papers for our property plus dates of every time they claim we have not paid something.
He is not a real estae attorney though,so while he will probably do the first letter, he might want to refer me to one that specializes in real estate law.
A copy of that letter will also be going to my congressman.

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MoneyMagnetMagnate

12 years ago

Bank Of America Sues Itself In Unusual Foreclosure Case

Bank Of America Sues Itself In Unusual Foreclosure Case

In the March 29 filing, Bank of America is seeking to foreclose on a condominium and names the condo owner and Bank of America as defendants in the suit. The company is literally seeking damages from itself in order to foreclose on the condo owner.

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Patrician

12 years ago

LOL - so do we root for them to win or lose in this case of bofa vs bofa?

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KimW

12 years ago

This is a win/win for them,no matter what.

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John Durham

12 years ago

Originally Posted by KimW

This is a win/win for them,no matter what.

Love your sig Kim. Its so amazing that we all have the opportunity through this great channel Allen invented to ask the universe for anything we want and see if it will respond.

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KimW

12 years ago

Originally Posted by John Durham

Love your sig Kim. Its so amazing that we all have the opportunity through this great channel Allen invented to ask the universe for anything we want and see if it will respond.

Which reminds me John, We need to talk.

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KimW

12 years ago

Things might get more interesting on this soon.
My lawyer emailed me and said he will be contacting me soon for more information on this.

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KimW

12 years ago

Another article about their stealing ways.

Bank of America: Too Crooked to Fail | Politics News | Rolling Stone

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MoneyMagnetMagnate 12 years ago

B of A has a new method for accounting and recouping it's debt...
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KimW

12 years ago

Ha Ha 3M.
The only thing that needed to be blocked on that would be the receivers name/email address since that is a phishing/SPAM email.
I've received that several times in the past few months, The only problem is that I have no accounts with the places the senders claim they are sending it from.

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John Durham

12 years ago

Ruuut Rowe!

Shoot me an email and tell me whats on your mind buddy! I will respond.

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KimW

12 years ago

Naw, nuthin bad.... I'll shoot you a PM in the next day or so!

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KimW

12 years ago

Yeah, like I believe this!! :rolleyes:

Why are borrowers passing on free money? | Bankrate.com

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Patrician

12 years ago

Well I finally decided to move my pension out of BofA before they lose the last half - (stock that was $79 when I went to work there is what under $5 now on a good day - so I know exactly where that value went, down the black hole).

I got 2 big shocks.

It says my pension plan is 'frozen' - so I called that department. Nothing to do with me my pension has been frozen since 2004 when I left - Just means they are no longer contributing to it - still riding on the slippery slope stock market and can only fluctuate with dat.

Ok - then the guy on the phone takes a breath and says, BofA no longer has a pension plan so if I was still working there it would be frozen anyway (not sure since when) -

So no more pension plan for BofA employees - this is really terrible (for them).

#2 I have to roll the lump sum to an IRA so I don't have to pay tax on it. Fine - then they send me to Merrill Edge for advice on precious metals, etc. (they now own Merrill Lynch of course you know that). (I don't have to roll it there i can take it anywhere).

Nice surprise: they will manage it free for life - no charge!

So - out of the frying pan and into the fire - still at risk...

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KimW

11 years ago

More BoA news:
U.S. Accuses Bank of America of a 'Brazen' Mortgage Fraud - NYTimes.com

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MoneyMagnetMagnate

11 years ago

Additional elated* story:
BofA Sued by U.S. for $1 Billion Over Alleged Mortgage Fraud - Businessweek

*related and elated

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KimW

11 years ago

This isn't BoA, but BoA uses this tactic too. The bank in question in this video was Wells Fargo.BoA keeps tacking fees on what they claim I owe them by having people do drive bys to see if my house is still inhabited. Of course it is, it has never not been inhabited since we moved in as the original owners in 1999. :rolleyes:

Foreclosure fees has local judge steaming mad - YouTube

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The Content King

11 years ago

I quit BOA a few years ago after being with them for years and years, even when I was a broke college student. The bank was notorious for putting the biggest checks through first, then if you got an overdraft, all the little charges would add up to $35 each.

I can't tell you how many overdrafts I paid as a broke college student working a bartending job.

I'm no longer with the bank, but the other day I received a settlement for $10. haha It was an overdraft settlement from a class action lawsuit I didn't even know I was participating in. Still, that $10 is sweet because I know it came from BOA, those snakes.

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seasoned

11 years ago

Originally Posted by The Content King

I quit BOA a few years ago after being with them for years and years, even when I was a broke college student. The bank was notorious for putting the biggest checks through first, then if you got an overdraft, all the little charges would add up to $35 each.

I can't tell you how many overdrafts I paid as a broke college student working a bartending job.

I'm no longer with the bank, but the other day I received a settlement for $10. haha It was an overdraft settlement from a class action lawsuit I didn't even know I was participating in. Still, that $10 is sweet because I know it came from BOA, those snakes.

I had an account with glendale federal that was effectively dormant. They took like $12 out every month. One month, it dropped too low, so they charged $32. They next day, it was too low, so they charged ANOTHER $20! They next day it was too low, so they charged ANOTHER $20, etc.... Luckily I found out about it quickly, paid like $80, and shut down the account.

Steve

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thunderbird

10 years ago

The more I learn about it, the more I see that not to having a problem with Bank of America is, well, un-American.

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seasoned 10 years ago

Originally Posted by thunderbird

The more I learn about it, the more I see that not to having a problem with Bank of America is, well, un-American.

I went to a place once that tried to SHAME all former "customers" that gave them bad checks. I noticed some bounced checks from bank of america that were CASHIER CHECKS!!!!!!!!! CASHIER CHECKS are supposed to be "AS GOOD AS GOLD"! For THEM to go bad, the BANK should have to go under!!!!!! Cashier's check - Wikipedia, the free encyclopedia

It was THEN that I SWORE I would NEVER do business with B of A! SADLY, I used a company in 1999 to create a corporation. It started me down a road of breaking that oath. 8-(

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Patrician

10 years ago

Listen Steve you don't need to blame BofA about cashiers checks. They have enough real stuff in their bad file.

ALL BANK cashier's checks can be FORGED OR STOLEN.

and (here is the shocking part) it can take 2 weeks for the bank (ANY BANK) to discover it is a forgery.

AND whoever deposited it will be responsible for the funds. Including if your checks bounce because the funds aren't there - you will be paying all the fees, etc.

This is something I learned when finding out about the scam work at home jobs where they want you to accept checks from their customers and ship products - you get stuck with the bad cashier's check because you have already sent the product -

PLUS you can get busted for using the mail to send stolen merchandise - (since the cashier's check was forged or stolen they consider whatever you bought stolen) something like that.

So again let me say that Bank of America San Francisco California established 1874 was a beautiful community loving and loved bank for over 100 years.

Then some robber barrons at Nations Bank, Charlotte North Carolina bought it for pennies on the dollar AND SINCE THEN THE BANK HAS DEGENERATED INTO THE SCUM BAG RIP OFF THAT IT IS.

It is not REALLY Bank of America - it is REALLY Nations Bank that is a stupid crook.

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seasoned

10 years ago

Originally Posted by Patrician

So again let me say that Bank of America San Francisco California established 1874 was a beautiful community loving and loved bank for over 100 years.

Then some robber barrons at Nations Bank, Charlotte North Carolina bought it for pennies on the dollar AND SINCE THEN THE BANK HAS DEGENERATED INTO THE SCUM BAG RIP OFF THAT IT IS.

It is not REALLY Bank of America - it is REALLY Nations Bank that is a stupid crook.

OK, don't cashiers checks go through a checkwriter? As I recall, they did. I once had a checkwriter, but they aren't that common and probably less so now.

As for banks, yeah, they change. Nations bank bought them in 1998. The problems I first spoke of occurred in maybe 1984. The corporation DID start in 1999 though.

AND, as bad as BA was, it was WORSE after they bought MBNA, in 2005!

Steve

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Rod Cortez

10 years ago

My home has been paid off for years and one day I started receiving mail stating that my home was going to be foreclosed on if I didn't "catch up" on my payments.

You would think one phone call to the bank would have taken care of it, but no, it took me scanning and e-mailing them my documents and a few more phone calls to get it taken care of.

The short version of the story is that one department wasn't talking to the other department and one of the departments somehow picked the wrong "Cortez". SMH

RoD

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Joe Stewart

10 years ago

My wife used to work as a customer service representative at Bank of America not long after they acquired Countrywide. Sometimes she'd come home in tears because of all the stories she'd heard during the day. People begging her to help them save their home's, many of whom may have been because of wrongdoing. Of course, there was nothing that she could do about it. She had a really hard time with it emotionally.

The phone rep's were also limited on their call time, so sometimes she'd almost have to transfer someone in the middle of a sad story or her call time would go up. If that happened very often she'd lose her job.

It was a temp job that ended up lasting nearly 18 months. Although it kind of hurt to lose that income when she was finally laid off, we were both able to breathe a huge sigh of relief.

The stories she could share...whew! Glad that's over.

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Kay King

10 years ago

Guys - you do realize this thread was bumped by a one-time poster? Just sayin....

Then again, it's as current as it was two years ago.

I don't think I could stand up to a job where I had to deal with people losing their homes - that would be a horrible job to have.

I find I have a distaste for big banks that I didn't have prior to the recession. When Capital One bought ing.com I closed my account there. I bank with a local bank and with a credit union.

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seasoned

10 years ago

Originally Posted by Kay King

Guys - you do realize this thread was bumped by a one-time poster? Just sayin....

Then again, it's as current as it was two years ago.

I don't think I could stand up to a job where I had to deal with people losing their homes - that would be a horrible job to have.

I find I have a distaste for big banks that I didn't have prior to the recession. When Capital One bought ing.com I closed my account there. I bank with a local bank and with a credit union.

MAN you CAN'T win! I avoided capital one, LIKE THE PLAGUE, because of how they treated my mother. I lost out on a potential deal, and decided to go with a company that was bought out by ING!

Steve

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Lloyd Buchinski

10 years ago

Here's a page (video too) about a home owner foreclosing on a branch of the Bank of America.

Bank of America Gets Pad Locked After Homeowner Forecloses On It

Edit: sorry, I just saw the date on that story, it's from 2011

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Anyone else have a problem with Bank Of America?

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