Comments on: Bank of America Slammed with Another Class Action for Refusing to Participate in Foreclosure Prevention Programs

By: Sonya

Sonya — Fri, 31 Dec 2010 00:14:17 +0000

In reply to Kathy W.https://4closurefraud.org/message-board/#comments.

I am with you on this. SHOW ME THE NOTE!!!!!!!!!!!!!!!!!!!!!!!!!!!!

By: Tana

Tana — Wed, 29 Dec 2010 21:54:21 +0000

In reply to Officer of the Law. OK, so how can we buy 1000000's of those bill boards to wake up America? I'd post one right in my front yard!

By: Flex

Flex — Tue, 28 Dec 2010 07:17:33 +0000

Isn’t that Amazing we don’t hear much about City Bank, Chase, Wells Fargo, and many others like HSBC and US Bank in all this ordeal? However, all the banks that took TARP money signed the same agreement, and yet in the last year and eleven months so far, not even a 3% or 4% of loan modifications were done by these financial institutions. They claim they don’t hold the portfolio of the investors and yet they are the ones servicing the loans. As we all know now, the servicers don’t have any intentions of modifying any loans, since there is not incentive for them to do so. They make more money by charging all the abusive and inventive fees they can create when they foreclose people’s homes.
At foreclosure, the servicers get paid 20 or 30 thousands dollars per home and sometimes they may even keep the money, because many investors or lenders that were the holder of the notes are gone and out of business.
Remember since 2007, we had more than 130 banks gone out of business each year.
We don’t know what is going on behind the scenes with the FDIC after they take these banks and close them down. I heard that many of the big banks who took the TARP money are the ones who are buying all these little banks who got out of business, just like the case of Indymac Bank now owned by One West Bank, FSB.
The FDIC is making many deals with many banks out there. Who knows if the European Banks are also part of this scheme. We don’t hear the real truth behind Deutsche Bank, Credit Swiss, or NY Mellon Bank.
As we know, Deutsche Bank is suing BofA for $47 Billion Dollars. It only takes one bank to win a case to put BofA out of business. Rumors has it that BofA will be out business on 2011 by all the secrets that will come out from weekileaks. But, if we want BofA out of business now, why don’t we all just walk in every BofA in the country and withdraw our money and put it in a local credit union?
This is why we continue paying the price from all the banks in the U.S. We are so lazy by nature and we can not get out of our comfort zone and withdraw our accounts. We love our banks and we love our free checking and savings accounts that only pays us 2.5% to 3.0% annually.
America, Do you want to stop the pain? Withdraw all your money from all the too big to fail banks and the foreclosure will stop immediately. If the banks don’t have any deposits, they can not borrow and they can not lend money to anyone. It virtually puts them out of business overnight.
The treasury is not going to give another bail out of billions of dollars this time. The public will not stand for it, after what they know what the banks did with the first bail out of more than $700 billion dollars.
Also, next two years are campaign rally all over again for the next election in 2012. Do you really think Obama will make that mistake again? Unless, he is done with the Presidency and will not care what happens next.
This may be the case if the Tea Party gets momentum and the majority of the people register and vote for them. For what I heard, the Tea Party is coming out with some amazing proposals and ideas that will blow your mind from education to health care to unemployment benefits. The Tea Party will put everyone to work and earn a day worth of living for everyone. This will change the face of America for ever and will teach the world what the real America is all about. Look out for millions of University Students ready to vote. Remember like our parents said, the youth is the future of America.

By: Kathy W.https://4closurefraud.org/message-board/#comments

Kathy W.https://4closurefraud.org/message-board/#comments — Mon, 27 Dec 2010 21:44:39 +0000

All I wanted was to sell my home. With the housing market having slowed to the point homes weren’t selling and although I had a buyer to do a short sale, B of A interfered with the process. The buyer walked away and I am left with a house in trouble. Thought B of A was my legit lender since they bought out Countrywide. However, my Deed of Trust says another mortgage lender, Ace Mortgage who doesn’t exist anymore, is on the lien. No new assignments since I refinanced with Ace Mortgage, February 2008. I have a clouded title! Can’t sell my home. Still getting bills every month. Not paying another dime until I am shown legal proof of who owns my note…. B of A saying, according to MERS that they have been my lender since FEBRUARY 2008…. UH, NO YOU HAVEN’T!!!!

By: Jerry Rage

Jerry Rage — Mon, 27 Dec 2010 18:34:39 +0000

It isn’t only BOA, it’s every bank who took the TARP and subsequent handouts, my favorite being Capital One Bank NA. Nothing the Goverment has added to this mess has any teeth that requires the servicers to do anything other then do what’s best for their business. Aside from grifting the taxpayers dollars, they could at least work with people rather then ejecting them onto the street. This is an OUTRAGE!

By: housemanrob

housemanrob — Mon, 27 Dec 2010 18:24:14 +0000

The wealthy or wealthy enough are sedated with holidays, turkey,nostalgia and sentimentality. Until they wake up, nothing will change and it may take that last catastrophic financial disaster to make them see that the light at the end of their tunnel is a freight train headed their way……for until the cobwebs clear we will not have the support of all of us as one…….and we must all be as one to beat this monster……..we created?

By: Officer of the Law

Officer of the Law — Mon, 27 Dec 2010 17:38:38 +0000

Since Bank of America doesn’t want to participate in loan modifications under HAMP and since home values have tanked, BoA must have some other incentive for foreclosing as often as possible. I wonder if BoA got a deal with their minions in DC that gives them tax money to foreclose like the crooked connnected banksters who took over IndyMac did. For more on that deal which pays more to foreclose than to modify home loans, see this report at http://www.thinkbigworksmall.com/mypage/archive/1/29027

The folks in DC tell us that they are trying to help homeowners, but then they give banksters our tax money to foreclose.

Prosecutors tell us that bribery, fraud and theft are crimes, but they will not prosecute the banksters or their minions in government.

Perhaps if some concerned citizens on a grand jury get their hands on information about these crimes and information about their power to indict even if the prosecutors don’t want them to, we might see law and order restored. If not, we will continue down the path to life in a third world country.