Fraud Digest | BAC Home Loans Servicing, LP, Filed a Notice of Cancellation with the Florida Department of State

 

Mortgage Fraud

BAC Home Loans Servicing, LP
Bank of America

Action Date: August 11, 2011
Location: Tallahassee, FL

On July 11, 2011, BAC Home Loans Servicing, LP, filed a Notice of Cancellation with the Florida Department of State stating it was no longer transacting business in Florida.

From July 11, 2011 to August 11, 2011, this company initiated hundreds of foreclosure actions throughout Florida, filing 76 Lis Pendens in Palm Beach County; 61 Lis Pendens in Hillsborough County; 35 Lis Pendens in Lee County; and 107 in Broward County.

It will come as a real surprise, no doubt, to the hundreds of people in Florida who have been sued for foreclosure by BAC Home Loans Servicing, LP, in the past 30 days that they are “no longer conducting business in Florida.”

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4closureFraud.org

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LP Notice of Cancellation

Comments
8 Responses to “Fraud Digest | BAC Home Loans Servicing, LP, Filed a Notice of Cancellation with the Florida Department of State”
  1. MISSY says:

    I JUST RECIEVED A LETTER FROM BAC SEPT 2ND SAYING THEY ARE SUING MY LANDLORD FOR FORECLOSURE?? IN FLORIDA?!

  2. Linda says:

    More proof that BoA doesn’t have a clue what they are doing… Too busy looking in the politicians pockets, trying to see how much bribery money is still needed.

    And just WHO authorized the $500,000,000 bailout they (BoA) just received from Fannie & Freddie? For that matter, WHO authorized Fannie to get ANOTHER 5.1 BILLION? Congress is on vacation and somebody has stolen America’s credit card while they are out. Good thing they raised the debt limit before they left town so the crooks can steal it all before they get back. I think it was another set up!

  3. lizinsarasota says:

    Gosh, I just saw a guy lose his home here in the 12th Judicial Circuit last week to BAC Bank. How in the world are they able to continue to litigate if they aren’t legally doing business in Florida?

  4. Hell No, No More Bail-OUTS says:

    Is this by any chance the servicing rights that Bank of America sold off to Fannie Mae just recently? If B of A sold the servicing of all the FL loans to Fannie, there certainly is no further need for them to be listed as a mortgage servicer with the state of FL.

    I find it ironic that Fannie normally SELLS the servicing rights, but the PURCHASE would be a way for a back-door bailout out of Bend Over.

    As I also pointed out on the article that announced that purchase by Fannie, if the servicing includes any loans that are in any of the securitized mortgage TRUSTS, Fannie will now need to make the PAYMENTS on any supposedly DEFAULTED loans. The PSA for those loans specify that the SERVICER has to continue to make the payments if the borrow fails to pay. Those payments continue until the property is foreclosed. But wait, CountryWide wrote some loans that are having trouble in the foreclosure process.

    I can see there is another way the taxpayers are going to pay for these loans AGAIN.

  5. Scott Weiner says:

    BOA Servicing is no longer doing business anywhere. They decided to move the servicing division into the BOA Home Loans division.

    The theory of why this was done is that there are multiple mass joinder lawsuits alleging that when someone gets a mortgage they are not bargaining for a lender/servicer relationship they are under the impression that they can call their bank directly if something needs to be addressed. The lawsuits say that since there was never a mention of a servicer who may not have the ability or incentive to help the homeowner there was never a valid mortgage contract. There was no “meeting of the minds” during the contract procedure.

    While this BOA change may stop them from being sued in the future on this issue it does nothing to fix the past.

    Scott Weiner
    Attorney at Law – Of Counsel UFAN
    http://masslitadvisors.com/

    • leapfrog says:

      I got a letter stating BAC transferring to BANA. What I’d like to know is when is BOA, BANA, BAC, whatever this corrupt cartel calls itself going out of business for good? At the rate it is going, it cannot last that much longer and this time there is likely to be no bailout.

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