Looking to Take Bank of America Down!!!

KimW

12 years ago

Here is one to start at:
http://www.warriorforum.com/off-topi...k-america.html

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GforceSage

12 years ago

Bank of America offered to let me pay off my credit cards under a set program because I inquired and bitched why my interest rates were out of control despite ZERO late payments in 23 years with them. In the program, ( Not debt consolidation) where I would pay a set fee for three years and it would not be anything that was reported to any credit report, I would have everything paid off.. After paying into it for a year, I get a letter saying that my favorable arrangement was done in error and that the arrangement was over, so I should be prepared to go back to the overinflated interest rate and keep my account open ( Money flowing Bof A's way) and go back to business as usual. I had my attorney remind them of ,"Offer - Acceptance," and let them know that we were done with B of A and it would be in their best interest to work with us. They finally did, because they were not sure how connected we were. They could have easily chosen to battle us some more, but it could have gotten expensive for them. Avoid big banks as much as possible. 2012 is a wake-up call for the educated. There is a growing number of people who are now rising up to call out the wrongs of the BIGS.

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ksmusselman

12 years ago

Originally Posted by GforceSage

Avoid big banks as much as possible. 2012 is a wake-up call for the educated. There is a growing number of people who are now rising up to call out the wrongs of the BIGS.

Exactly! Unfortunately for A LOT of people, we didn't choose them. We ended up stuck with them when they took over Countrywide.

And of all the big banks, Bank of America is the worst!! The absolute worst!

And right now, my husband and I are STUCK with them. We've never refinanced our house because Countrywide screwed up their accounting and had us as late on our mortgage, so when it came time to refinance out of the ARM to a fixed, they wouldn't do it, and neither would anyone else because of the accounting error.

Fast-forward another four YEARS (we've had our house w/only one mortgage for seven years w/o every refinancing or doing a debt consolidation or anything!) and we're still stuck with BOA because THEIR lousy accounting errors PLUS reporting us to the credit reporting agencies when THEY screwed up, they reported us as FOUR MONTHS behind on our mortgage!

Then when we attempted the "government blessed" HAMP, they screwed us over for the last two years and now we ARE behind on our mortgage.

But at the same time, we're not anywhere near underwater because we bought so far under market value it gave us some breathing room.

And now BOA sees nothing but $$$ by forcing a foreclosure because there's so much equity in the property! Work with us and they get around $50K-$60K LESS than what the property's assessed at.

From all of the attorneys we've spoken to and news reports we've read, we're in a very scary and precarious situation, worse than if we were underwater on the mortgage. BOA more or less "needs" properties that have some serious equity. They can flip this property FAST and get CASH on the balance sheet.

So when we started this last loan mod, I documented EVERY STEP on video - on YouTube - so I can stick in their fat faces if they come back and say I didn't submit the requested documents. AND I sent them in triplicate with THREE verified signature receipts.

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Lori Kelly

12 years ago

Originally Posted by ksmusselman

Exactly! Unfortunately for A LOT of people, we didn't choose them. We ended up stuck with them when they took over Countrywide.

And of all the big banks, Bank of America is the worst!! The absolute worst!

And right now, my husband and I are STUCK with them. We've never refinanced our house because Countrywide screwed up their accounting and had us as late on our mortgage, so when it came time to refinance out of the ARM to a fixed, they wouldn't do it, and neither would anyone else because of the accounting error.

Fast-forward another four YEARS (we've had our house w/only one mortgage for seven years w/o every refinancing or doing a debt consolidation or anything!) and we're still stuck with BOA because THEIR lousy accounting errors PLUS reporting us to the credit reporting agencies when THEY screwed up, they reported us as FOUR MONTHS behind on our mortgage!

Then when we attempted the "government blessed" HAMP, they screwed us over for the last two years and now we ARE behind on our mortgage.

But at the same time, we're not anywhere near underwater because we bought so far under market value it gave us some breathing room.

And now BOA sees nothing but $$$ by forcing a foreclosure because there's so much equity in the property! Work with us and they get around $50K-$60K LESS than what the property's assessed at.

From all of the attorneys we've spoken to and news reports we've read, we're in a very scary and precarious situation, worse than if we were underwater on the mortgage. BOA more or less "needs" properties that have some serious equity. They can flip this property FAST and get CASH on the balance sheet.

So when we started this last loan mod, I documented EVERY STEP on video - on YouTube - so I can stick in their fat faces if they come back and say I didn't submit the requested documents. AND I sent them in triplicate with THREE verified signature receipts.

Hello. I have been a consumer advocate for the past three years - helping people with loan modifications.

HAMP is extremely hard to get but it can be done.

Your loan could also be one that was earmarked for assistance in the recent AG settlement - you can read the AG's Consent Order. Did you by chance receive a letter regarding the settlement?

Countrywide, Bend over America, etc. are debt collectors/servicers. Rarely do they own your loan.

Your servicer can change a dozen times a day, there is no law that prohibits changing your debt collector/servicer so you could have ended up with any bank.

A lot of people were stuck with BOA with it took over the crook, Countrywide.

If you can prove you have an accounting error, you can send the bank a qualified written request (if you have not already done one). I always suggest that anything and everything sent to a bank be done by certified mail, return receipt requested. The banksters are a smart bunch. Printing the certified mail RRR number, the borrowers' names, property address and loan number on the top of every page prevents the banks from using their normal excuse of, "We never received anything from the homeowner."

You can dispute the info on your credit report but it won't do much. At least there will be a dispute on the report should future creditors make inquiries but the bad thing is your FICO probably already took a hit and it's difficult to get that back.

That's the HAMP scam: telling homeowners they have to be in default to receive assistance. As you probably know, as soon as you miss one payment, your loan is accelerated, the bankster can call the entire amount of the loan due or they will start foreclosure.

It is in the banks best interest to foreclose. They're a debt collector.
Your loan - like millions of loans - is probably in a trust.
Bank of America charges the investors of the trust money to "maintain or service" your loan. $$$

The banks also took out insurance against the loans because they knew (and hoped) homeowners would default.

One more step in the lucrative foreclosure business, if your loan is guaranteed by Fannie or Freddie, then the government guaranteed to it.

Bankster gets private insurance when your loan fails, then makes a claim with Fannie or Freddie to collect some more money.

So when we started this last loan mod, I documented EVERY STEP on video - on YouTube - so I can stick in their fat faces if they come back and say I didn't submit the requested documents. AND I sent them in triplicate with THREE verified signature receipts

Right on. That's the way you do it.

You can download the form and make a formal application for HAMP.
Even if you have already done this, I'd do it again.
Be sure to send the tax returns, etc., everything that is required.

To know if you qualify for MHA/HAMP, you can run the numbers yourself.

Find "HAMP Waterfall" online or you can get it off my forum beingmiddleclass.org

Sorry to hear about your situation with Bend Over America.

I wish you the best. -Lori

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ksmusselman

12 years ago

Originally Posted by Lori Kelly

Hello. I have been a consumer advocate for the past three years - helping people with loan modifications.

HAMP is extremely hard to get but it can be done.

Your loan could also be one that was earmarked for assistance in the recent AG settlement - you can read the AG's Consent Order. Did you by chance receive a letter regarding the settlement?

Countrywide, Bend over America, etc. are debt collectors/servicers. Rarely do they own your loan.

Your servicer can change a dozen times a day, there is no law that prohibits changing your debt collector/servicer so you could have ended up with any bank.

A lot of people were stuck with BOA with it took over the crook, Countrywide.

If you can prove you have an accounting error, you can send the bank a qualified written request (if you have not already done one). I always suggest that anything and everything sent to a bank be done by certified mail, return receipt requested. The banksters are a smart bunch. Printing the certified mail RRR number, the borrowers' names, property address and loan number on the top of every page prevents the banks from using their normal excuse of, "We never received anything from the homeowner."

You can dispute the info on your credit report but it won't do much. At least there will be a dispute on the report should future creditors make inquiries but the bad thing is your FICO probably already took a hit and it's difficult to get that back.

That's the HAMP scam: telling homeowners they have to be in default to receive assistance. As you probably know, as soon as you miss one payment, your loan is accelerated, the bankster can call the entire amount of the loan due or they will start foreclosure.

It is in the banks best interest to foreclose. They're a debt collector.
Your loan - like millions of loans - is probably in a trust.
Bank of America charges the investors of the trust money to "maintain or service" your loan. $$$

The banks also took out insurance against the loans because they knew (and hoped) homeowners would default.

One more step in the lucrative foreclosure business, if your loan is guaranteed by Fannie or Freddie, then the government guaranteed to it.

Bankster gets private insurance when your loan fails, then makes a claim with Fannie or Freddie to collect some more money.

Right on. That's the way you do it.

You can download the form and make a formal application for HAMP.
Even if you have already done this, I'd do it again.
Be sure to send the tax returns, etc., everything that is required.

To know if you qualify for MHA/HAMP, you can run the numbers yourself.

Find "HAMP Waterfall" online or you can get it off my forum beingmiddleclass.org

Sorry to hear about your situation with Bend Over America.

I wish you the best. -Lori

Thanks Lori!

At this point, I don't think Bend Over America (I LOVE that!) even knows what they're doing!

When we first applied in 2010, they said we qualified for HAMP but not HARP. We weren't behind in our mortgage yet - according to OUR records. (I've requested our payment history from them THREE TIMES and they STILL have not sent it!)

After they denied it due to the now infamous "did not submit the documents we requested," they said we were available for a modification for underwater mortgages, but we're not underwater so we wouldn't have been available for that.

So we're back in the HAMP process now and my rep takes DAYS to get back to us.

As far as servicers, yes, BOA is a servicer. Bank of NY/Mellon actually owns the note. Oh joy. But BOA tried to pull a fast one a couple months ago. We got a letter saying our mortgage was transferring to another servicer, Green Tree Lending or something, and that we should send our mortgage payment there.

I was skeptical and said No. We just won't pay it this month until we hear something directly from this Green Tree.

About two weeks later, after the mortgage "would have" been paid to Green Tree, we get an 'oops, our bad' letter from BOA stating that the transfer was not going to happen and that they would "do their best" to get our mortgage payment back from Green Tree.

Do your best to get it back? Excuse me? Thank goodness we didn't pay it! Assholes. It was just another game that thankfully we didn't fall for. BOA would no doubt have added even more late fees for us not getting the money to THEM on time, even if we had paid it to GT.

Then I guess BOA would surely have expected us to make a second payment while waiting to get the money back from GT. Yeah, right.

As for the QWR letter, no, I haven't done that. I spoke with my last rep on a conference call with somebody in their accounting department, or so they said anyway, and I told them not to call me with the information. If they could sit there and read it to me over the phone, they could very well print the damned thing out and mail or fax it. Never happened.

I talked to two attorneys about a QWR and they both said the same thing - you can request it, but good luck getting anywhere with it. And then if we did get it, WE'D have to pay hand over fist going back to three previous banks that we had accounts with over the last 7-1/2 years getting copies of all of our records!

And I already know my credit is tanked thanks to BOA. We've already been told as much by other lenders we were trying to refinance with. They blatantly told us - we'd do it, if it wasn't for the statement that BOA put on your credit report.

And that's going to stick for the next TEN YEARS.

It's all just a great big mess, that seriously, is going to take a HUGE combined effort on the part of as many screwed individuals, consumer interest groups, other organizations, interested parties and some heavy-hitting legal AND celebrity backing to take this bank down.

As I put on my blog, I've been working with a couple of groups and doing everything I can to bring as many people and organizations together as possible.

If the actor, John Cusack, can get involved with doing what he can to get a law passed with local government using eminent domain over the feds to take back houses for the homeowners, then we can do the same thing. It's going to take some work, but I'll be DAMNED if they're going to take my house in the meantime!

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Lori Kelly

12 years ago

I don't know what state you're in but regardless, you need to be really careful.

Check to see if your state (and your loan) requires judicial (court) involvement. If you live in a non-judicial state, as you probably know, a foreclosure can happen basically without you even knowing about it.

You don't necessarily have to send a QWR, just a certified RRR letter that demands an accounting. You'll get it.

The people who were successful getting mods knew the Treasury Directives and Fannie Mae guidelines. They were royal PIAs and also used social media.

HAMP is a long, drawn out process. The new guidelines require servicers to give homeowners a single point of contact.

With one single point of contact, I was able to call. And that's what I did. Every hour on the hour. Left voice mails saying that I would continue to call until I got an update.

Keep pushing them. If you qualify for HAMP and get on the trial program, you're half way there.

If you are denied HAMP, the bankster MUST send the denial to you in writing. If they don't, you can file a complaint with HAMP Escalations.

As a last resort, you can request an in-house mod. The interest rate is higher, generally around 2% and will adjust, but it will modify your payment.

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ksmusselman

12 years ago

Originally Posted by Lori Kelly

I don't know what state you're in but regardless, you need to be really careful.

Check to see if your state (and your loan) requires judicial (court) involvement. If you live in a non-judicial state, as you probably know, a foreclosure can happen basically without you even knowing about it.

You don't necessarily have to send a QWR, just a certified RRR letter that demands an accounting. You'll get it.

The people who were successful getting mods knew the Treasury Directives and Fannie Mae guidelines. They were royal PIAs and also used social media.

HAMP is a long, drawn out process. The new guidelines require servicers to give homeowners a single point of contact.

With one single point of contact, I was able to call. And that's what I did. Every hour on the hour. Left voice mails saying that I would continue to call until I got an update.

Keep pushing them. If you qualify for HAMP and get on the trial program, you're half way there.

If you are denied HAMP, the bankster MUST send the denial to you in writing. If they don't, you can file a complaint with HAMP Escalations.

As a last resort, you can request an in-house mod. The interest rate is higher, generally around 2% and will adjust, but it will modify your payment.

Yes, we're in a judicial state, Pennsylvania. And we've already received one HAMP denial letter, back in 2010. The next time we tried, we had a single point of contact that didn't know what "contact" meant. We called every day, got voicemail, and she only called back once - at 9PM on a Sunday after we'd already gone to bed! WTF is up with that?! The Games BOA Plays is what it is.

Then they sent us a letter stating that if they were not able to contact us by X date, which was the day AFTER we received the letter, our request for the application would be dismissed.

So I recorded my husband leaving a not-so-nice but very to-the-point message that it wasn't US not making contact, it was HER not calling back!!

So we get started with this numnuts, and I'm wondering why she's not calling back AGAIN, when we get a letter that we now have a NEW single point of contact! From the Social Media Department! And this one takes days to call back too!

Then we get an automated message from one of their 800 numbers while we're out of the house. I call back the number that they left and they say, "How may I help you?" I said, 'I don't know. YOU called ME.' :confused:

Here's the thing that "scares" the bejeezes out of me - going through the trial period and them ultimately saying, Oh, you're not qualified after all, like they've done to SO MANY PEOPLE. And then starting the foreclosure anyway. Or denying the HAMP for whatever excuse they can come up with, not supplying the requested documents, etc.

And the reason it makes me so nervous is because we're not underwater with our mortgage.

I've never heard of an in-house mod but if 2% is high, then what we're paying now, which is 7.625% is completely OUTRAGEOUS.

I'll have to look into these Treasury Guidelines but I don't know if FANNIE MAE comes into play with us or not. We have a conventional mortgage, private investor backed; never had PMI, etc. And then this MERS thing got involved, and geez. I have no clue.

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Lori Kelly

12 years ago

Yes, we're in a judicial state, Pennsylvania. And we've already received one HAMP denial letter, back in 2010. The next time we tried, we had a single point of contact that didn't know what "contact" meant. We called every day, got voicemail, and she only called back once - at 9PM on a Sunday after we'd already gone to bed! WTF is up with that?! The Games BOA Plays is what it is.

PA has something called HEMAP. This saved one of my friends. Pennsylvania Foreclosure Prevention, Act 91 of 1983 - Homeowners' Emergency Mortgage Assistance Program (HEMAP)

Since you got a denial letter, you can appeal the denial.
If it was me, I'd contact BOA and tell them you are formally appealing the denial. Many requests were denied due to inaccurate income, debts, etc. By filing an appeal, you'll have the chance to confirm your figures before it goes through underwriting. I helped someone win an appeal and she got her HAMP. It's worth a shot.

The banks want to wear you down, give up and send the keys in. They are not there to help you and they couldn't care less about your family, your situation. It helps to keep it a business deal and don't befriend them nor tell them anything personal. Stick the facts.

Then they sent us a letter stating that if they were not able to contact us by X date, which was the day AFTER we received the letter, our request for the application would be dismissed.

Seen this before too. I've sent a letter after this BS and literally told them, "nice try."

Any communications with the bank should be kept to a minimum. Keeping everything in writing or at least as much as possible eliminates the discrepancies.

So we get started with this numnuts, and I'm wondering why she's not calling back AGAIN, when we get a letter that we now have a NEW single point of contact! From the Social Media Department! And this one takes days to call back too!

If the contact is from the social media department, their only concern is to shut you up. When you are talking (politely) to the bank contact and can't get the answers you are looking for, ask for the supervisor. Keep going up the chain until you get someone who knows.

The bank does not like it when a homeowner knows the rules.

You're probably already doing this, but document everything. Every phone call, date, time, who you talk to, what was said.

Then we get an automated message from one of their 800 numbers while we're out of the house. I call back the number that they left and they say, "How may I help you?" I said, 'I don't know. YOU called ME.'

Typical - left hand has no idea what right hand is doing.

Here's the thing that "scares" the bejeezes out of me - going through the trial period and them ultimately saying, Oh, you're not qualified after all, like they've done to SO MANY PEOPLE. And then starting the foreclosure anyway. Or denying the HAMP for whatever excuse they can come up with, not supplying the requested documents, etc.

I hear ya. Did you ever get to the trial period?
Yes, the banks are notorious for pulling the never-ending trial crap because they try to suck as much money out of you before they steal the house.

If you comply with the HAMP conditions (trial payments on the exact date, etc.) then you can enlist the help of HAMP escalations to get the permanent agreement.

Helping people with this torture became a full time job. You probably already know it is incredibly time consuming, frustrating and stressful. I've seen many people get divorced over this and it's really sad. They blame each other and can't seem to get passed the nightmare.

And the reason it makes me so nervous is because we're not underwater with our mortgage.

Check with HEMAP. I don't blame you for being nervous about having a home that isn't underwater. If you qualify as far as housing expense, etc., you should be able to pass the secret NPV test and get the HAMP modified.

I've never heard of an in-house mod but if 2% is high, then what we're paying now, which is 7.625% is completely OUTRAGEOUS.

It's an ARM but a 2% loan is good. I can't remember how it adjusts but I believe it caps at 4.75% - much better than what you have now. Just a royal pain in the butt to get it done.

I'll have to look into these Treasury Guidelines but I don't know if FANNIE MAE comes into play with us or not. We have a conventional mortgage, private investor backed; never had PMI, etc. And then this MERS thing got involved, and geez. I have no clue.

The Guidelines and Directives are extremely difficult to decipher (imagine that).

Fannie Mae is the overseer (whatever the hell that means) of MHA/HAMP. That's why the Fannie Mae guidelines are important.

I would be really surprised if your loan was not securitized - put into a trust. It could very well be a private trust so you'll never know who really owns your loan. PMI shouldn't be a factor. MERS is on about 60-75% of all loans in the US.

MERs, together with the banksters got really sloppy when it came time to foreclose as fast as possible. You probably know that. That's when the robo-signing scandal was finally brought to the public's attention through MSM although it had been going on for years before the media thought it important to publish it.

Check your land title records. See if there are any assignments that have been recorded. If you can find a "suspicious" document recorded against your property, you can use that as leverage to get your mod.

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ksmusselman

12 years ago

Originally Posted by Lori Kelly

PA has something called HEMAP. This saved one of my friends. Pennsylvania Foreclosure Prevention, Act 91 of 1983 - Homeowners' Emergency Mortgage Assistance Program (HEMAP)

I'm going to check that out. Thank you!

Originally Posted by Lori Kelly

Since you got a denial letter, you can appeal the denial.
If it was me, I'd contact BOA and tell them you are formally appealing the denial. Many requests were denied due to inaccurate income, debts, etc. By filing an appeal, you'll have the chance to confirm your figures before it goes through underwriting. I helped someone win an appeal and she got her HAMP. It's worth a shot.

I guess we more or less appealed it when I got our congressman involved. Of course BOA lied to him too, but they agreed to reopen the application. Then after screwing us around again, a gentleman by the name of Steve Trieb with All Things Real Estate (found him through YouTube and Facebook) sent a barrage of letters to BOA on our behalf and that's when BOA escalated our case.

So right now we're the early phase of the new loan mod application. You can actually see all the videos in the process starting here (each video has a link to the next one): Bank of America Loan Modification 2012 Video #1 - YouTube

Originally Posted by Lori Kelly

The banks want to wear you down, give up and send the keys in. They are not there to help you and they couldn't care less about your family, your situation. It helps to keep it a business deal and don't befriend them nor tell them anything personal. Stick the facts.

Oh, that's a given! What they don't realize yet is that they are NOT going to wear ME down. I'm all over the place online - two blogs, YouTube, Facebook, StumbleUpon, Digg, etc. That's why their Social Media department got involved. I'm even working with a film producer on tips to improve a music video I just drafted. They found ME through my YouTube videos!

Originally Posted by Lori Kelly

Any communications with the bank should be kept to a minimum. Keeping everything in writing or at least as much as possible eliminates the discrepancies... You're probably already doing this, but document everything. Every phone call, date, time, who you talk to, what was said.

Oh, I've got documentation all right! LOL Every step is documented ON VIDEO or AUDIO (if you get my drift hehehe), plus logged into a Word table and printed out in a file.

I even tracked the FedEx envelope and both USPS envelopes live on screencast with closeups of who signed for them and when. Then I took screen shots of the signature confirmations.

I have it all in an "in your face" file and on backup.

Originally Posted by Lori Kelly

If the contact is from the social media department, their only concern is to shut you up. When you are talking (politely) to the bank contact and can't get the answers you are looking for, ask for the supervisor. Keep going up the chain until you get someone who knows.

That's going to happen soon if she doesn't start returning my calls or emails. My husband heard from someone "on the inside" that the reason we keep getting so many new "single points of contact" is that people keep quitting or getting fired. Can't even imagine why (drips with sarcasm here).

Originally Posted by Lori Kelly

Did you ever get to the trial period?

Nope. Never got that far. They denied it in 2010 due to allegedly not receiving the information - Which I documented on video last week that oh yes we did submit it! What they did with it is quite another story, but it is documented that they kept asking for the same docs over and over and over.

I seriously put it point blank to the last reps they gave me - Who do you people think you are? ENRON? LOL

Originally Posted by Lori Kelly

If you comply with the HAMP conditions (trial payments on the exact date, etc.) then you can enlist the help of HAMP escalations to get the permanent agreement.

Thanks for that tip. I didn't know that because in two years we've never gotten that far with them.

Originally Posted by Lori Kelly

Helping people with this torture became a full time job. You probably already know it is incredibly time consuming, frustrating and stressful. I've seen many people get divorced over this and it's really sad. They blame each other and can't seem to get passed the nightmare.

Thankfully our relationship is a hell of a lot stronger than Bend Over America. (I may have to revise my music video to include this somewhere. ROFLMAO)

I mean, we've had our share of arguments, that's for sure. But when I decided to put the screws to them this time, my husband said, "Go for it. But I don't want to know anything about it." He handled it all last time, and they got him so infuriated that I was seriously concerned for his blood pressure!

So without him knowing, I started doing more and more research, getting in contact with people, etc. Once I realized how many people had really gotten royally FKD by them, while I started to feel like at least I wasn't alone, I also started getting IRATE with OUR GOVERNMENT for continuing to back these thieves! It's just incredible!

Originally Posted by Lori Kelly

Check with HEMAP. I don't blame you for being nervous about having a home that isn't underwater. If you qualify as far as housing expense, etc., you should be able to pass the secret NPV test and get the HAMP modified.

NPV? Nervous Pissed-off Voter? ROFLMAO No, I'll look into that absolutely. We were cautioned to really watch our backs more so than if we were underwater. It's like we're being penalized because we bought a house that we knew for a fact that we could afford, even if I lost MY job! Countrywide preapproved us for $300K. I think they were ticked off because we bought a house at less than HALF that amount, with a hefty down-payment!

And we were doing really well until the econony collapsed and I ended up on permanent disability while my husband's business took a nosedive at the same time.

And even with the real estate values crashing, and our house being valued at UNDER $200K now, it's still worth about $60K MORE than we owe on it. So they're going to pull out all the stops to force a foreclosure. Bring it on - BOA!!!

Originally Posted by Lori Kelly

It's an ARM but a 2% loan is good. I can't remember how it adjusts but I believe it caps at 4.75% - much better than what you have now. Just a royal pain in the butt to get it done.

We've been on an arm for the last four years. We tried to refi after the first three years but that's when we found out how badly CW had screwed us already, and then BOA bought out their errors and further escalated the problems!

Originally Posted by Lori Kelly

I would be really surprised if your loan was not securitized - put into a trust. It could very well be a private trust so you'll never know who really owns your loan. PMI shouldn't be a factor. MERS is on about 60-75% of all loans in the US.

MERs, together with the banksters got really sloppy when it came time to foreclose as fast as possible. You probably know that. That's when the robo-signing scandal was finally brought to the public's attention through MSM although it had been going on for years before the media thought it important to publish it.

Check your land title records. See if there are any assignments that have been recorded. If you can find a "suspicious" document recorded against your property, you can use that as leverage to get your mod.

Oh, I KNOW it was securitized! MERS is all over our records with the Recorder of Deeds. In fact, we were told by CW when we got our mortgage that we didn't need PMI because the mortgage was backed by "private investors" who didn't require it.

When BOA took over, there was no record of any assignment or transfer UNTIL we requested it. Then a couple of days AFTER we requested they produce our note, they hurried up and got in touch with MERS who did a quick assignment to Bank of NY/Mellon ON THE SAME DAY as an inquiry by BOA for a copy of our records.

Well imagine that! How FKN convenient!!

That prompted us to talk to an attorney in NY who specializes in foreclosure defense in NY, specifically BNY/Mellon. But we don't have $6000 to get that started.

So we went to a local attorney who for all intents and purposes wanted us to just roll over and play dead and turn over our house in bankruptcy. I walked out of the office like, WTF was that all about? File bankruptcy? Give up a house that has over $50K in equity? Hello?

Don't most "normal" homeowners use the equity in their house to consolidate their debt? Well, that's what we were TRYING to do but no one would do it - thanks to CW/BOA.

But anyway... LOL

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wackiin

12 years ago

years ago when I used Boa They sent one of my outgoing wires for 10k to the wrong person and it ended up in russia and never got it back.

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ksmusselman 12 years ago

Originally Posted by wackiin

years ago when I used Boa They sent one of my outgoing wires for 10k to the wrong person and it ended up in russia and never got it back.

O M G!!!!! At that amount, you'd think a lawyer would have been able to sue! But then, you'd probably have had to pay him half of that at least. :confused:
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MoneyMagnetMagnate

12 years ago

You could start calling it the Bank of Italy again...makes it sound less American...

The history of Bank of America dates back to 1904, when Amadeo Giannini founded the Bank of Italy in San Francisco in an effort to cater to immigrants denied service by other banks.[17] Giannini was raised by the Fava/Stanghellini family, as his father was shot while trying to collect on a $10.00 debt.[citation needed] When the 1906 San Francisco earthquake struck, Giannini was able to scavenge all deposits out of the bank building and away from the fires. Because San Francisco's banks were in smoldering ruins and unable to open their vaults, Giannini was able to use the rescued funds to commence lending within a few days of the disaster. From a makeshift desk consisting of a few planks over two barrels, he lent money to anyone who was willing to rebuild. Later in life, he took great pride in the fact that all of these loans were repaid.[citation needed]

In 1922, Giannini established Bank of America and Italy in Italy by buying Banca dell'Italia Meridionale, the latter established in 1918.[18]

On March 7, 1927, Giannini consolidated his Bank of Italy (101 branches) with the newly formed Liberty Bank of America (175 branches). The result was the Bank of Italy National Trust & Savings Association with capital of $30 billion, and resources of $115 billion.

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ksmusselman 12 years ago

Originally Posted by MoneyMagnetMagnate

You could start calling it the Bank of Italy again...makes it sound less American...

ROFLMAO!!!! That's funny - but I really wouldn't want to insult Italy for what our people have done to our banking system.
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- MoneyMagnetMagnate 12 years ago
  
  Originally Posted by ksmusselman
  
  ROFLMAO!!!! That's funny - but I really wouldn't want to insult Italy for what our people have done to our banking system.
  
  Mea Culpa! Mi scuso
  (no disrespect...I'm just sayin' :rolleyes
  
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KimW

12 years ago

Of course they have been lying to us all along. Now it is time to fight back.Have them provide proof they even have any right to be contacting you at all. A lot of paperwork was lost when BoA took over both Countrywide and Wilshire Credit.
They have sent people to "inspect' my property 11 times in the last 14 months at a charge to me of about $30 a pop. I asked then why they did that and they said to verify we still lived here. We bought our house in 1999 and are the only people that have ever lived here. It has never been uninhabited for any length of time. What the are doing is really just faking charges to add onto what they claim you owe them. I didn't even know about those charges till they sent me a letter saying I was over 10K behind according to them. I was actually ZERO behind but they kept claiming the 10K figure until I got my congressman involved. At that point they "found" all the money except $1600,which they still claim I owe,but can't/won't tell me what for or from when.
They also lied to my congressman claming I approached them for a loan mod,which is the opposite of what happened.They told us we would be better off getting a loan mod and would we like them to look into it for us? That is NOT us asking them for one.
Since then they have tried to force us so sign various documents,none of which we will sign.,and have retained an attorney to deal with them for us. Yet they still send a letter every month stating we are in foreclosure.... SCREW Bank of America.

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ksmusselman

12 years ago

BTW - this is the very first draft of a video I'm working on. My husband says, "That was pretty good! Where did you get the lyrics?" I said, "I wrote them!" He was like, "How did you do that?!" ROFLMAO

This is NOT on YouTube. I'll post it there when it's in its completed format. I've already contacted Mickey Dolenz from The Monkees for permission to use the song for this parody.

(Excuse the choppiness; it's early stages)

https://s3.amazonaws.com/B_O_A_VIDEO...erica_x264.mp4

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MoneyMagnetMagnate

12 years ago

Originally Posted by ksmusselman

BTW - this is the very first draft of a video I'm working on. My husband says, "That was pretty good! Where did you get the lyrics?" I said, "I wrote them!" He was like, "How did you do that?!" ROFLMAO

This is NOT on YouTube. I'll post it there when it's in its completed format. I've already contacted Mickey Dolenz from The Monkees for permission to use the song for this parody.

(Excuse the choppiness; it's early stages)

https://s3.amazonaws.com/B_O_A_VIDEO...erica_x264.mp4

The song wont play for me, but when I saw Dolenz I was thinking maybe it's a take on "Pleasant Valley Sunday"?
Whatever, it would be a clever way to go...kudos!

Like:
Another Pleasant Valley Sunday
here in status symbol land...
mortgaged houses that are all foreclosed, and no one has a plan...
and there is Bob, he lost his job, he can't afford to pay his rent...
and Mr Green his family homeless, family living in a tent -
etc. etc...
rows of houses that are all the same, and no one has a plan....
etc, etc...

anyway...something like that - you see where it's going....(just lost muse)

Wish I could get your track to play, so I could have a listen...good luck!

btw: Carole King and Gerry Goffin wrote Pleasant Valley Sunday...if you needed any OK

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ksmusselman

12 years ago

Originally Posted by MoneyMagnetMagnate

The song wont play for me, but when I saw Dolenz I was thinking maybe it's a take on "Pleasant Valley Sunday"?
Whatever, it would be a clever way to go...kudos!

Like:
Another Pleasant Valley Sunday
here in status symbol land...
mortgaged houses that are all foreclosed, and no one has a plan...
and there is Bob, he lost his job, he can't afford to pay his rent...
and Mr Green his family homeless, family living in a tent -
etc. etc...
rows of houses that are all the same, and no one has a plan....
etc, etc...

anyway...something like that - you see where it's going....(just lost muse)

Wish I could get your track to play, so I could have a listen...good luck!

btw: Carole King and Gerry Goffin wrote Pleasant Valley Sunday...if you needed any OK

OMG that is SOOO funny!!! Write more!!!

Here's the link the wmv format. Maybe that will play? Either of them should open with Windows Media Player, unless you're on a MAC.

Actually, this video still has "Randy Scouse Git" as the soundtrack but the new lyrics are on each slide. :-)

https://s3.amazonaws.com/B_O_A_VIDEO...of_America.wmv

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MoneyMagnetMagnate

12 years ago

Originally Posted by ksmusselman

OMG that is SOOO funny!!! Write more!!!

Here's the link the wmv format. Maybe that will play? Either of them should open with Windows Media Player, unless you're on a MAC.

Actually, this video still has "Randy Scouse Git" as the soundtrack but the new lyrics are on each slide. :-)

https://s3.amazonaws.com/B_O_A_VIDEO...of_America.wmv

This link worked

- I like what you did!

Here is a quick draft of what you asked for...(it is a work in progress after all)

unPleasant Valley Sunday (revisited)*

*to tune of Pleasant Valley Sunday (of course! )

The house next door is looking poor,
with a 'Foreclosed' sign on the lawn...
his bills are late, he cannot pay, his bank account is overdrawn...

It was a Pleasant Valley Sunday
in what was status symbol land...
mortgaged houses that are all foreclosed, and no one has a plan...

And there is Bob, he lost his job, he can't afford to pay his rent...
and Mr Green his family homeless they are living in a tent -

Now an unPleasant Valley Sunday
in what was status symbol land...
Banks are burning bridges everywhere,
(and they don't seem to care...)
with bailout as the plan...
(and no one takes a stand...)

See Mrs. Gray she's proud today because her roses are in bloom
she's sad to see them go to shame amid a neighborhood in gloom

Here in unPleasant Valley Sunday
in what was status symbol land...
rows of houses that are all the same, and no one has a plan...

Now B of A, is in decay, they see the writing on the wall...
if they don't bailout now, they won't know how, to cover up the wrong
We know that we've been had,
and they won't get away for very long...

Here in unPleasant Valley Sunday
in what was status symbol land...
rows of houses that are all in flame, and no one came,
and no one has a plan...

Creature comforts now are just a dream
and thoughts all seem to stray,
to places far away...
to dreams of yesterday...

It was a Pleasant Valley Sunday ... turned to unPleasant Valley Sunday ...
It was a Pleasant Valley Sunday ... turned to unPleasant Valley Sunday ... (FADES)

cheers and good luck!

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ksmusselman 12 years ago

Originally Posted by MoneyMagnetMagnate

This link worked - I like what you did!

Here is a quick draft of what you asked for...(is is a work in progress after all)

cheers and good luck!

ROFL ... here's a slight edit. I like singing the songs along with the lyrics so they match up (like I have nothing else to do with my life, right? But this is SO MUCH FUN!)

Another UNpleasant Valley Sunday

Pleasant Valley Sunday (revisited)*

*to tune of Pleasant Valley Sunday (of course! )

The house next door is looking poor,
With a 'FORECLOSED' sign on the lawn...
His bills are late, he cannot pay, his bank account is overdrawn...

Another UNPleasant Valley Sunday
Houses burnin' everywhere...
Mortgaged houses that are all foreclosed,
And the banks don't seem to care...

See Mrs. Gray, she's sad today because her roses will not bloom
And Mr. Green, he looks so mean, they took the TVs from his rooms...

Another UNPleasant Valley Sunday
In what was status symbol land
Banks all complain about how hard life is
And how we just don't understand ...

What creature comfort goals?
They're trying to take my soul, They make it hard for me to see

My thoughts all seem to stray, to what was yesterday
To when a lender would help me!

[da da da da da.. da da da da da.. da da da da da.. da da da da da.. ]
[da da da da da.. da da da da da.. da da da da da.. da da da da da.. ]

Another UNPleasant Valley Sunday
Houses burnin' everywhere...

Another UNPleasant Valley Sunday
In what was status symbol land..

Another UNPleasant Valley Sunday ... Another UNPleasant Valley Sunday ...
Another UNPleasant Valley Sunday ... Another UNPleasant Valley Sunday ... (FADES)

The Monkees - "Pleasant Valley Sunday" - ORIGINAL VIDEO - HQ - YouTube
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- ksmusselman 12 years ago
  
  Shall we do Take The Last Train To Clarksville next? ROFLMAO
  
  (I'm a HUGE Monkees fan, can ya tell? LOL)
  
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KimW

12 years ago

Karen,
The one important item is about the feds.You wiull get no help from them,they are the ones that gave ALL the banks the money and power to pull this crap. While BoA is doing it to me and you, google and you will see Wells Fargo Bank is also doing it,as are almost anyone you can think of and name.
The feds are not only in bed with the banks,they make it for them every morning.

3M,
I think Pleasant Valley Sunday would be a good tune for something like this.

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ksmusselman

12 years ago

Originally Posted by KimW

Karen,
The one important item is about the feds.You wiull get no help from them,they are the ones that gave ALL the banks the money and power to pull this crap. While BoA is doing it to me and you, google and you will see Wells Fargo Bank is also doing it,as are almost anyone you can think of and name.
The feds are not only in bed with the banks,they make it for them every morning.

3M,
I think Pleasant Valley Sunday would be a good tune for something like this.

Oh, I know the feds are NO help at all!! As long as they're all sitting pretty with their cushy jobs in the cushy houses, they're sticking their cushy noses up at us from on high!

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MoneyMagnetMagnate

12 years ago

I like some of those changes too...

Hmmm - Last Train to Clarkville, eh?

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ksmusselman 12 years ago

Originally Posted by MoneyMagnetMagnate

I like some of those changes too...

Hmmm - Last Train to Clarkville, eh?

Thanks! Would you believe I'm on YouTube listening to some of their songs ...

I just really wish Mickey Dolenz's "people" would answer my Facebook message!
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KimW

12 years ago

Karen,
if Mickey Dolenz is the "celebrity" help your looking for you might be looking in the wrong direction.

Personally I'd go for someone more known for their activists activities, like Neil Young or even John Mellencamp...he has a song that would be a great theme song...Pink Houses

At the same time to get any real attention you'd have to go for someone that "speaks" to todays" generation,which I honestly don't think will be easy.

Keep fighting the fight on all fronts though,as I am,and if I can help I will.

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ksmusselman

12 years ago

Originally Posted by KimW

Karen,
if Mickey Dolenz is the "celebrity" help your looking for you might be looking in the wrong direction.

Personally I'd go for someone more known for their activists activities, like Neil Young or even John Mellencamp...he has a song that would be a great theme song...Pink Houses

At the same time to get any real attention you'd have to go for someone that "speaks" to todays" generation,which I honestly don't think will be easy.

Keep fighting the fight on all fronts though,as I am,and if I can help I will.

Oh no, it was just a courtesy to ask permission to use his song for the parody. Not that I have to by law, but I'd rather he know about it and I actually get the "stamp of approval" that he's okay with it because he did write the song and the music.

As for celebrity backing, I'm waiting to hear from Steve at Keep Bank of America Honest. He said he was working on something in that area.

As for "speaking to today's generation," I think what's happening here spans across multiple generations, so that might not even be an issue. There are people my parents' ages (70-73) that are losing their homes just as us mid to late Baby Boomers (I'm almost 54) are losing ours, all the way down to people my kids' ages - mid to late 30s.

I do agree that someone like Mellencamp would probably fair better for MY generation, but not so sure about the younger generation. And while Bon Jovi for example, or even Brad Pitt may speak to the 30-40 something generation, I'd feel more comfortable myself being represented by Mellencamp, someone who's more my age and has experienced more in life.

But here's the main thing - we need someone who can speak to the BANKERS and the GOVERNMENT because that's who we need to LISTEN, regardless of what their age is or what generation they "represent."

So we don't necessarily need someone who can speak "to" a certain generation or age group, as long as they can get the RIGHT message across to the people who are screwing us over, because regardless of what age you are, you know what it means to get FKD royally by the "authorities."

Hell, I'd be happy if Clint Eastwood showed up at "Bend Over America's" corporate headquarters with his shotgun and said, "GET OFF OUR LAWNS!"

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seasoned

12 years ago

Well, Bank of america threw the latest volley in trying to destroy me. As if the other garbage, and my last minute shuffle a few days ago weren't enough. YIKES! Those IDIOTS! WHY? They have been making OVER $10,000 a year from me with NO risk! And NOW because some idiots can't keep their facts straight, and some idiot figures he can set all the unknowns to some stupid self defeating model, they decided to gradually take less. It is now in MY best interest to cut it by about $4000 each volley.

WOW! THEY read the nonsense report, and figure that I am a bad risk, so they lower the credit and raise the rates which makes the scores worse, so they can do it AGAIN! SERIOUSLY, if everything fed back instantaneously, the credit would drop to ZERO! Doesn't the fact that it is reciprocal like that kind of PROVE their theory WRONG? How many people get sued for $10K and end up dying on skid row because they can't ever get so much as a penny? I mean the idea that a record maybe appearing to show bad luck triggering a condition that makes that appear worse, etc... indicates that that is what happens. I have NEVER heard of that happening.

OH WELL! Maybe I will just go with amex, and take a bit of my investments out(which the government will AGAIN try to take), and try to live for a month until I can pay down the debt $4000+ to START.

BTW the KICKER? She CLAIMED I had $11,000 more debt than I had! In the last THIRTY years, I NEVER thought my credit would be so tight. NEVER! OH, and PART of it is because I reduced my expense reimbursement for my customers. TWO were VERY large banks! One of those banks? BANK OF AMERICA! YEP, they owed me, I didn't collect, and I paid THEM interest on the money they owed me! You CAN'T make this stuff up!

Steve

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