Comments on: Bank of America Delinquent Loans Mean Losses: Mortgages https://4closurefraud.org/2012/12/21/bank-of-america-delinquent-loans-mean-losses-mortgages/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 14:16:48 +0000 hourly 1 https://wordpress.org/?v=7.0.3 By: Nancy https://4closurefraud.org/2012/12/21/bank-of-america-delinquent-loans-mean-losses-mortgages/#comment-406139 Sat, 22 Dec 2012 20:36:10 +0000 https://4closurefraud.org/?p=56106#comment-406139 Quite frankly these are probably the homeowners who are fighting back. The homeowners who received copies of Pooling and Service Agreements and requested to know who the Owner and holder of the Promissory note only to find that Bank of America and MERS have done some very shady things that they should be quite frankly ashamed of. Telling Homeowners that The Bank of New York is the Owner of the Note and Holder of the Note. Listing Bank of New York Mellon on the MERS Servicer as a Investor when in fact there is a big difference in what Bank of America has been telling the borrower all along. The Bank of New York Mellon is the Trustee for Investors.
Notice it does not say The Bank of New York Mellon is the Investor. By reporting it this way, this has allowed Bank of America to foreclose under the Bank of New York Mellon without catching the lies behind their reasons for doing this. I would say that is not just Bank of America but also the other big banks. Furthermore, if you are trying for a Loan Modification through Bank of America and they tell you that your Investor, The Bank of New York Mellon has denied you a loan modification again this is false information. The Bank of New York Mellon has no say in Loan Modifications and furthermore states they do not have any say in how the Servicer (Bank of America) disposes of your property.

All I ask, is that you don’t give up the fight. Get everything from Bank of America in writing. Do not let them bully you. They had been coming to my door and even leaving notices taped to my front door. They will do anything to use scare tactics to get you to turn over your property. Once you sign that Loan Modification your nightmare has only just begun. By doing this, you are giving Bank of America all they need to now take the property of your securitized mortgage and get the paperwork straight so they can take your home from you.

]]> By: kat https://4closurefraud.org/2012/12/21/bank-of-america-delinquent-loans-mean-losses-mortgages/#comment-406121 Fri, 21 Dec 2012 19:11:05 +0000 https://4closurefraud.org/?p=56106#comment-406121 Bloomberg make BofA out to be poor penniless victims. A company trying to do the right thing. This article is not journalistic reporting but just another infomercial mouthpiece to get the public’s sympathy for the banks. Pathetic. I let the editor and both reporters know what I think of their story; just another fairytale!

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