You Can't Use Cash To Make A Mortgage Payment?

By
Real Estate Mortgage Broker with PrimeLending, A PlainsCapital Company

The other week I wrote a blog post titled What's Happening At The Bank of America Mortgage Lending Department?

I guess I still have to wonder. On Saturday a video was uploaded to YouTube titled OMG!!! Inside Bank of America DOES NOT accept DOLLARS as payment on mortgages in US.


So again I ask, What's Happening at Bank of America?

 

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Alan Gross

Senior Mortgage Consultant

PrimeLending, A PlainsCapital Company
704 Quince Orchard Rd., Suite 230
Gaithersburg, MD 20878

Home Office: 240.813.0614
Email: agross@primelending.com
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Rainer
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Nicole Needham
SFR (530) 302-5478
Needham Realty

B of A is broken and should have not been bailed out. It needed to fail.

February 09, 2012 10:05 AM
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Margaret Rome, Baltimore Maryland
Sell Your Home With Margaret Rome
HomeRome Realty-Author "Real Estate the Rome Way" 410-530-2400

If a bank can not tell what is real money then who can?

You mean even with two forms of ID, they still would not take cash?  I thought at first this was a joke.

 

February 10, 2012 02:26 PM
Rainmaker
256,305
Alan Gross
PrimeLending, A PlainsCapital Company

Margaret - I totally agree. I'm sure Bank of America isn't happy with that post on YouTube given all the other things they have been in the news for the past few years.

February 10, 2012 02:34 PM
Anonymous #9
Anonymous
Peggy Mazziotti

I wored for bank of America years ago and that is what they were in business for, was to take deposits, payments and provide service to the customer. Back in my day of banking  we use to serve the loans in the actual branch.  Since when do they not take payments for Mortgages and Credit Cards with cash.

February 15, 2012 04:04 PM
Rainmaker
256,305
Alan Gross
PrimeLending, A PlainsCapital Company

Peggy - It's unbelievable isn't it? Back when I worked for a bank many years ago cash was a valid way to make a payment on a loan.

February 15, 2012 04:09 PM
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