BANK OF AMERICA REMINDER HOW THEY CONTRIBUTED TO THIS CURRENT MESS

By
Real Estate Broker/Owner with People first then business! Ran Right Realty Riverside, Ca BRE LIC #636943

Bank of America first of all should not be allowed to use the name AMERICA. This bank is acting far from America's interests one American at a time. They are still navigating in areas and conducting their affairs in one sided defiant ways with only a single minded mandate in mind. To make money and keep making money people be damned

I MUST GO ON RECORD LESS PEOPLE FORGET WHAT HAPPENED

Has anyone forgotten that they were the ones who came up with the idea of a borrower having to be 90 days delinquent before they could even speak to them about their mortgage payments. Remember those days? Please do if you don't. Responsible, concerned, honest, people from all over the United States called in on or before their mortgages were in distress wanting to work something out.

BANK OF AMERICA FAVORITE ANSWER WAS "NO"

NOPE...can't do it. Please call back in 90 days and then we can discuss. Meanwhile, they are assessing late charges, late credit marks, and moving forward with the Notice of Default is what confused so many people. Calling into the Bank of America only made it worse not better.

WE WILL HELP YOU WHILE WE HELP OURSELVES TO YOU

In fact, while people were being told about different help programs available, Notice of Trustee sales were being sent out. If you had a good Real Estate agent, he would counter their system and help you negotiate toward some resolution. If you did not have an agent, well you lost your home. Sometimes nothing helped

REMEMBER TRYING TO COMMUNICATE WITH THESE PEOPLE?

Then, we went through a period of not being able to get through, to fax and you can forget about emailing. When you did get through after a couple of hours, you got a machine. If you persevered, you got a live person. Here is where you ended up. This minimum wage person didn't have a clue on what to do or what to say and often had to put people on hold that may or may not get disconnected. That was one way to handle a "I don't know" call.

STALLING FOR TIME WHILE FORECLOSING

Another was to falsely tell you to send data and then claim weeks and months later that they never got the data. All during this time, the agent or borrower is thinking they are in the solutions mode or track when in reality nothing was being done. Remember, millions of people are experiencing this

REMEMBER ALL THE PROGRAMS THAT WERE SUPPOSED TO HELP?

I remember various programs being offered where just about anyone inquiring didn't qualify for. What good these programs did we now know for sure. NADA ZIP and ZERO. People all over the Nation were being foreclosed on and evicted until moratoriums were introduced to explore a better way. No one at Bank of America knew what to do, how to do it or even come up with a solution except one....FAILURE

HERE'S AN IDEA...LET UNCLE SAM PICK UP THE BILL

They realized the best strategy was to pull the government into their problems, mis-management, irresponsibility, negligence and indifference and did so under the threat of failing if you don't help us.  Their new mantra, if we go, you go too! They wanted all the monies they stood to lose paid back to them. Not a mention about the borrowers.

EPILOGUE

Bank of America is being sued right now by so many people for billions of dollars. Their stock is down and what we are learning is that they were never a business to begin with. They were moneylenders who should have gone out of business and allowed to fail. Rescuing the homeowner who spends money when their moral is up would have been the best way to go from this Real Estate agents point of view

 

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Tags:
bank of america
foreclosures
mortgage defaults
trustee sales
loan modifications
short sales
uncle sam
america
poor management

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Rainer
145,246
Sarasota & Manatee Counties FL
SaraMana Properties - QuickFreeMLS.com - Bradenton, FL
QuickFreeMLS.com - Listings In Paradise

I agree with you 100%! Thank you for reminding us of how truly vile and corrupt a criminal banking enterprise they are!

Aug 09, 2011 03:41 PM #1
Rainmaker
1,275,745
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

SaraMana Properties knows and people in the know can help other people. This reminds me about the Holocaust and how some say it didn't happen. Time can distort and even bury something, but to completely eradicate it...no one except God has that power...Be vigilant and watch for Public relations campaigns to help convince you how B of A is here to help...don't fall for that one...thank you

 

Aug 09, 2011 03:46 PM #2
Rainer
107,456
Leslie G. Rojohn
MoonDancer Realty - Sylva, NC
GRI, ABR ~ MoonDancer Realty

Also a reminder of the Holocaust is the notion of "they came for the Jews and I was not a Jew so I did not protest, then they came for the Catholics and I was not a Catholic so I did not speak up, then they came for the trade unions and I was not a union member so I did not speak up, then they came for me and the Protestants and there was no one left to speak up. So many people in this country are not speaking up about anything, and the rich and powerful and those who care about nothing but themselves and profit are destroying everything this country used to stand for.

Aug 09, 2011 04:39 PM #3
Rainmaker
1,275,745
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

Hello Leslie...very well presented comment that gives way to reflection. How meaningful and beneficial to those who seek and love truth. We must always be cognizant of how things operate and come about because there are no accidents. Anyone in power, fame and who has superior wealth who is prospering and says nothing while others suffer is suspect to me. There go you but for the grace of God...thank you

Aug 09, 2011 04:48 PM #4
Rainmaker
1,089,753
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

It was interesting to see their stock taking such a nose dive yesterday Richie...when you have a mega giant lender & bank, there is a lack of control...either it is restrictive or loose...they were the latter and fell into woeful ways for borrowers...thanks for sharing a great post.

Aug 09, 2011 06:18 PM #5
Rainmaker
1,275,745
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

Ginny...outstanding comment. You have a $500 credit at Richie's general store & post. That's Ginny ladies and gentleman of North Kingston's Rhode Island finest Real Estate agents pool

Aug 09, 2011 07:22 PM #6
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Rainmaker
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Richie Alan Naggar Author PEARLS SERIES of books

on LIFE and LOVE plus Real Estate too!
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