Bank of America review: fraud, embezzlement, loan modification 192

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Getiqtest.com
Posted: 29th of Mar, 2011 by Quinta

Wanted to charge me $3.99 for nothing
Complaint Rating:
I spent like 20 minutes taking a really dumb iq test. They made me enter my email in the middle of it, and then at the end, they asked me to pay them $3.99. The payment didn't go through. I'm sorry, but my ###s don't have enough money for this [censored]. Us ###s are poor, and we aren't putting up with this [censored].

for all you that are with BOA...beware on your 1098 for mortgage interest paid...i received one this year (for last years interest) for $6248. I went through my statements and knew this was incorrect----called them and yesterday received a "corrected" 1098 for 11, 674. My neighbor also had the same problem altho hers was not as drastic...just $4, 000 difference...but fact remains that everyone that has them as a servicer should check their 1098's!

Talking banks, yes they are greedy, look out for themselves, not the borrower, I have been in a bad mortgage for years with Bank Of America, Interest only mortgage, always paid on time never, never late . got involved with a loan Modification, with Hope 4 homes today.org affiliate Attorney Mahan Matthew Abbasi from LosAngeles California. turned out to be a scam, was looking to reduce my payments and get a better mortgage, not so! not only did I get ripped off from the loan modification scam, but the bank was not willing to give any slack either, just tacked on more fees and upped my amount on my mortgage, so its costing us more money per month just to stay in our home, thought about letting the Bank have it back, but I also heard that if the Bank gets it back, they sell it for what ever, the government bails them out for the difference owed from the note! is that justice to a home owner who is trying to make it work, if it is true about banks getting the difference, I say ### em!

Banks make a profit on foreclosures. It does not make any difference that the homes are empty and destroyed. When a bank forecloses, the insurance company covers the mortgage amount that is lost in the process. So the bank charges the customer fees and the mortgage amount, gets covered by insurance and if they sell the property again, then they make even more. Triple prizes! In addition, the government bails them out. What does the homeowner get? A credit score that makes it impossible to ever purchase anything at a decent interest rate for the next 10 years (so if you're at retirement age, you're screwed), A mortgage that is still owed if the bank does not allow a short sale, possible bankruptcy, and a mar on your potential employment record. Then while the banks band together with all their money and their clout to continue with their mass-destruction, the people go for one another's throats with accusations and finger pointing.

04-04-11

re: Video docudrama invitation.

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Well, the thing that is not the same is that we did not get 45 billion dollars in tax payer bailout money :)
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Respectfully,
John Wright

Give it up [censored] bag, they paid it all back. You couldnt pay back ###, ambulance chaser.

Understood Stealth, but they gave them a loan that they did not give other private companies, as well as they admitted they did not even need the loans. These loans were given with no strings attached. They made interest on that money for themselves too, such as even at 1% would be 450 million dollars...that is even at 1%. would be happy to give them the 45 billion back too, if they would like to loan it to me :)
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The point is that they were given that money as an incentive to give modifications, but did not give them, such as they said they would. So they in essence tricked the taxpayers, government and homeowners. They simply just did the math and figured out there was more financial incentive to fraudclose on people instead. This is because they are only the servicer now, and they can only make money on late fees and fraudclosures. This is not to even mention that made bazillioins on selling bad loans to the taxpayer. Loans that they knew were bad. It has been fraudulent from beginning, middle and end.
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The other issue is that they used HAMP to trick people into these foreclosures. They would tell the people everything was fine and keep sending your payment. People would then come home to locks on the doors and a fraudclosure notices, even though they met the terms they agreed to.
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If Bank of Defrauding America did not take the taxpayer bailout, Robo signing and Mers, I would probably not have an issue with them. The simple fact is that they get special privileges that we do not get, in which that is one of the major things that Americans fought against in the first place. I do not believe in giving free homes, but I would rather have that than them give the tax money to private banks, just so they can turn around and give themselves a bonus.
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In the end, it appears that Bank of America went to the real Bank of America (The Government), while having a personal ATM card. Both the government and the banks must be held accountable.
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Respectfully,
John Wright

Yah, but they did not have to pay corporate taxes for the year 2010 either, so maybe that is why :)
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Respectfully,
John Wright

No...On a short sale, the insurance pays the difference in the loss. Please verify your facts. It is only right for the consumer NOT to be in the red, when the banks have defaulted on their contracts and their agreements. Which they have done. The news is overloaded with stories to verify this. Promises of modifications that are never fulfilled, homes foreclosed upon that the bank did not even own, contracts that were forged, prepayment penalties that were forged. If WE, the consumers, sign an agreement and do not live up to our end of it, or inadvertently pay late, the banks charge us fees and penalties. We would serve jail time for forging documents. What should happen if the bank does the same to the consumer?

Bank of America does not pay ALL their bills. If a building they invested in turns out to be a bad investment, they walk away. Business decision, it's not personal. This was told to me by a B of A attorney, himself.

No corporation EFFECTIVELY pays corporate taxes ambulance chaser. Any taxes are passed on to the consumer. I guess they didn;t teach you that at LIEberal U. Give a ###ing rest renoira, every post you make shows how brainwashed and stupid you really are.

So crude (lol)
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Nevertheless, you are not correct! They paid taxes every year, with the exception of 2010. I happen to be a CEO of a corporation, but what do I know (lol)
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Eat me!
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Respectfully,
John Wright

Bullahit ### you ###ing lie.. EVERY corp pases their costs to consumer, ### bag. If you don't youre a ###ic CEO and its no wonder why you troll these boards..###face

All the sudden I am the complaint board troll huh? (lol) Trust me, I have seen how many comments you leave here. I assure you that you are the TPT troll in this forum (lol). I have an excuse to be here, such as I am in a lawsuit leading a protest. However, you are just a loser with nothing else to do (lol). You can cuss and think it is clever all you want, but it is just evidence that you are a scaly wag flea bag!
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Listen, I do not want to hear your weak ### comments, such as they were last time. Therefore, just let it go because you are not even that challenging. You think you are a heavy weight, but you are not even close. Go lick your wounds, before you get hurt. I do not have to make you miserable, because you already are.
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Why don't you give me a blueprint of your brain? This is because I am building an idiot!
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Bye TPT
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Respectfully,
John Wright

They do make a profit. Maybe you should do your homework.
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http://www.youtube.com/watch?v=AqnHLDeedVg&feature=player_embedded
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It is alright, because you just give me an opportunity educate people on the truth. Therefore, I guess I should thank you, since I would not be here, if it was not for your stupid comments (lol).
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Respectfully,
John Wright

Yes, youre an ambulance chaser..pure and simple.. If you're building an idiot brain, then look in the mirror. that is the most excellant prototype.

Go lick you ###. I am sure you can reach it.

Any corporation that pays ANY ###ING cost passes it on to their consumers. Py me now or pay me later. You are a stupid mother ###er. Thats why its never a good idea when you [censored]bag liberals want to institute windfall profts tax.

John= OWNED

John, youre just a weak little ### troll from California. Ambulance chasers are no match for me.

Oh you hurt my feelings FDL (lol). Well, we know that the ### is usually the one always yelling it all the time (lol).
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Are you frusterated?
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Respectfully,
John Wright

Look [censored] I have worked in Corporate Tax. You are the board troll who is clueless. No wonder you are here. Only ### I know who eats all his costs..because he is doing good for America and it would be wrong to pass his costs to his consumers. ###ing loser

Boring (yawn). Try again :)
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Did you know you are the only one who bores me on here? I have said it to you before, which means there is a lot to be said about it.
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Respectfully,
John Wright

Many of you here think this is just about people who did not pay their mortgage. It is far more complicated than that. Most people want to do the right thing, that is what we have been raised to do. In our household, we have not lost our job, we have paid our mortgage, but the mortgage company held us to a prepayment agreement we didn't agree to after raising our interest rate 1.5% over the original amount.
We had a simple solution. Because we are adults with good credit we would simply find another lender with a better interest rate, after all, we live in a country where we have free will.
But the bank held us to a prepayment penalty that we did not agree to, and because of that penalty we had to pay over $50, 000 more on a loan that was already underwater. That does not include interest and loan fees and attorney costs to try and recover the amount stolen from us.

We have the paperwork and the proof and it has been four years, but our court date keeps getting pushed back. Not only did we have to have the money for the excess fees, we had to have money for trial.
People were hit hard when the economy went south because the Corporations were cheating people. If there was a problem there was no one to call to straighten it out. Each person you speak to has no authority, many of them are from another country!
For those of you ranting against those who are defaulting on their mortgages, you seem to stick you head in the sand when it comes to the hundreds that have been outright cheated in this crisis. Of course, there are many who were not prepared to own a home, but lets face it, the banks make the rules and the qualify us or not based on their rules!
When we were looking for another lender, their were brokers coming out of the woodwork offering to get a loan for us. They would promise us almost anything, but when the paperwork came it was not what they said it was.
One broker even begged us just to sign a fixed loan for almost 8% interest and promised me in 6 months he would get us a lower loan! We all know how that would have ended!
Millions of people in this nation are losing their homes, it is an unprecedented epic of our history! Traditional the American people have paid their bills, or if necessary, declared bankruptcy and moved on. This is an epidemic of extraordinary proportion with senators and attorney generals coming together to seek reform. This is NOT just a matter of deadbeat consumers.

People were not just "hit hard", they were cheated by people who they trusted, banks that they trusted. Hedge funds, insider trading, illegal under the table deals. Banks are about money, that is why they are scrambling to recover their losses by any means possible. The people are about money, also, to raise their families, to pay their bills and to provide the basic necessities, shouldn't they be about recovering their losses, also?

Brenda:
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The did not pay their taxes.
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http://www.youtube.com/watch?v=WjGDueTQ9b4&feature=player_embedded
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Respectfully,
John Wright

Here is another one Brenda-
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http://www.cafemom.com/group/99198/forums/read/13651319/Why_is_Bank_of_America_Not_Paying_Any_Taxes_on_4_4_Billion_in_Income
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Respectfully,
John Wright

Immodest,
No, banks do not give you notice, nor did they, because as the bank so eloquently put it, "the right hand doesn't know what the left is doing." Do you honestly believe that banks answer to a higher authority than the people they serve? Banks are compromised of people and if you blame the homeowners for not keeping a better eye on their finance, then you have to weigh the banks with the same measure. Perhaps, even a higher one, since they are the ones who set the standard. If I am late on my credit card payment at 0% interest, even by one day, the bank has a right to now charge me 29% or higher...there are no regulation in place, they could charge me as much as 70% interest and blame me for not paying on time.

If the bank forgets to pay our taxes (which they did) or record our mortgage payment (which they have done) where is the recourse for the customer?

Yes, going to court is the right thing to do. It will prove who is right or wrong in this matter, but going to court is very costly, thus far it has cost us almost $40, 000.00. Homeowners who discovered they had been cheated usually don't have that much because by the time they figure out that the bank is setting them up, they have spent all their expendable income trying to salvage their homes.

I believe we are being denied justice because our case is strong and would set a precedence. If they hold off long enough, maybe we will lose our home anyway and they will try to use that to prove their case. Let's face it, B of A has far more money than we do and they do not have to live with the consequences, because it will only be an employee doing his job. Already, their attorneys have petition the court to have our evidence removed from trial. Notarized evidence that was part of our original file.

Many of you who attack us who are struggling, feel safe now, but it will trickle down to all of you, because there is one thing that history has taught us, power corrupts and absolute power corrupts absolutely.

Pleeze, 7, 000, 000 families, All of them shiftless, lazy, whiners? I don't think so! The fact that they were even trying to buy a home shows that they were attempting to be responsible and while I will concede that among those 7, 000, 000 there are some who were simply not prepared. I will NEVER say that it was all of them, not with all the news pointing out otherwise.

It used to be in this country that people would help one another or at least encourage each other. One of the nice things about the neighbor hood I live in now, is that people here do encourage each other and help each other as best they can. No one can carry another's burden, but we can wish them well and encourage them when they are struggling.

Or...we can kick them when they are down.

I have a job and a life and a family and I type very, very fast.

Prove it.

Isabel1170
I have neither time nor information to form my opinion about your case.
But I have an opinion about BOA and about a good number of folks "hanging around" this web-site.
Please be informed that people like Stealth Pilot enjoy insulting other people. He is not in the military, not a woman and does not work for BOA. Stealth Pilot and others behave in a classic way of defending their oppressors. We (including myself) realize our powerlessness confronting these banks. Our politicians have sold us down the river long ago. All us average people suffer the same abuse including Stealth Pilot.
The difference is, that we deal with our frustrations in different ways.
Stealth pretends to be a mighty Steatlth Fighter Pilot. The "potty mouth" should be a hint about his real identity. I deal with my frustrations by trying to reason (realizing the futility of my endeavour), and you deal with it, yet in another way (I guess).
What to do? First reason with people like Stealth over and over again. Eventually you will get through to him. Once this is done we are many and few which oppose us. Then we change the banking laws. Done?
I am not optimistic however.
Good example is famous Joe the plumber. Even so, he made a lot of money with his book deal, he did not realize that he is supporting a point of view which is contrary to his own interests.
This behaviour is exactly what I am talking about.
I have no good advice but "fight, fight, fight" and avoid "them" in the future.

Karl123

Brenda
What bank is that?
I am having a dispute with my bank and I intend to "vote" the only way I can... go somewhere else.
I have been abused/scamed/defrauded by banks many times. The incidences become less and less because I avoid them as much as I can.
I paid for my car with cash. This will teach them...

contact Terry Lungreen at corp headquarters - he'll do something about this!

last I saw Stealth had some fake boobs, was wearing military gear - hoping to get on the next flight to her/him (transvestite) homeland of Croatia

Since these last posts, prices must have gone up quite a bit to keep up with gasoline. Norton charged my card 69.99 last night for auto renew. No email or contact, just take the money and run. I did not authorize this and had called to have this removed last year as well. An Indian woman both times. 'Oh Im sorry, it must have been a mistake in the system'. What the hell kind of system is that. Just take money from my bank account because you have my card # on file. If I know where your vault is located, does that give me the right to go to Norton and take 70 bucks for some BS service that I want to offer them. ###, and amazing that this is legal.

Bank of America is the worst bank of all. They did not credit my account even after I deposited cash which led to checks bouncing and a huge mess.

Bank of America did not credit my bank account after I deposited cash, like I said, for at least three business days.

The deposit was made on a Tuesday morning.

There were no outstanding fees. The bank did not my credit my account for three business days, just like I said.

Embezzlement and fraud is mentioned in the title.

My husband and I started a modification process with Bank of America on August 28, 2010. We met the qualifications for a trial period and those payments started in October, 2010 - December, 2010. We paid the notes on time and according to paperwork that Bank of America sent to us, our loan modification would be final within 30 days of the last trial period payment. It is now the end of May, 2011 and our modification is still not finalized. It was just yesterday, May 26, 2011 that we were told that we would be receiving a letter of denial for the modification because one of the investors said "NO" to the final approval. "Why", we asked and were given the answer... "Bank of America" can not release that information to you. It was then told to us that our modification is now in the hands of Fanny Mae and if they can not approve us, then the modification will go to "in house" with Bank of America with still no guarantee that we will be approved for our final modification. We have continued to make the trial payments every month since October 1, 2010 but Bank of America keeps that money in a reserved account which is not applied to our loan, charging us late fees and reporting to the credit agencies that we are now 10 payments behind, when in fact, we are only 3 payments behind. We currently have a interest only adjustable rate mortgage that we are trying to get out of and be placed with a loan that pays towards principal and the interest does not adjust. Reading all of the stories and lawsuits against Bank of America has made us question the Bank and if we are just being tricked into making those trial period payments (which in our case is higher than the original note), only to deny and then foreclose on us? This seems to be the way that the Bank works when in reality they have no intentions of finalizing anyone's modification loan. Even those that qualify.

I totally agree with this person, BOA does not want to help anybody and they are not using Obama's modification plan like they should, all I hear from people are they are the worst Bank to deal with, It is the investors who are the real criminals for this bank!

Bank of America is criminal. They are scammers and rip people off. They do whatever they want and have no mercy. They lock peoples loans and charge huge fees on loans that have not been late once. They are the "kick you while youre down and take from the government company". Tthey also let real estate deals die so that they can foreclose and collect the insurance.