Comments on: Department of Justice Sues Bank of America for Defrauding Investors in Connection with Sale of Over $850 Million of Residential Mortgage-Backed Securities https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 22 Dec 2016 06:35:19 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Amy https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-695146 Thu, 22 Dec 2016 06:35:19 +0000 https://4closurefraud.org/?p=60430#comment-695146 In reply to Sherry Lambert.

I’ve read what you wrote, and I feel your pain. It’s a sad situation of what about what has happened to the consumer. We have been bamboozled by our own government, and have been blindly disarmed from having protection in the court. Very few people realize that once upon a time, it was as easy to get a contingency attorney to fight mortgage fraud, as it is to get a contingency attorney for a car accident nowadays. A contingency attorney doesn’t get paid until you get paid, and then takes around 20- 30%. The reason I know this is because my husband was a victim of predatory lending in 2003, and it was around then the country was doing away with contingency attorneys for mortgage fraud. I wish I could say something more encouraging, but I am striving to bring awareness about how the greed of our politicians who arranged with Wall street to strip any trace of ethics for consumers from the library shelves, and internet. There have been websites that tried to sound the alarm about all the corruption, but those websites that educated, don’t exist anymore. In all honesty, what the Department of Justice did to homeowners in their so-called settlement to supposedly cover their fraud, was one big joke, that wasn’t even a bandaid, but a ploy to get the banks off of the hook. I don’t know for sure, but I heard the banks didn’t contribute nearly what was reported they paid out, and even if they did, the “bail-out” buffeted even that. The courts’ are wrong when they let the banks’ win when they get caught in their fraud. If the banks’ followed improper protocol in issuing these so-called liar loans. They should not be rewarded for committing fraud against the helpless homeowner, especially since they had the greater bargaining power. Sadly, many of our woes started decades ago, and many elected people had an agenda to obtain great wealth for themselves, and annihilate the rights of middle to lower income people. What I have discussed is only a little bit of the rights that have been lost to the American people.

]]> By: Sherry Lambert https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-683521 Thu, 17 Nov 2016 01:09:48 +0000 https://4closurefraud.org/?p=60430#comment-683521 This right here is down right sad, but what about the families, that still lost their homes to all of this fraud, to this day, I can’t find a lawyer to help me, cause he wants his money up front, I don’t have it upfront, I’ve been told by 4 lawyers, I have a case, that could be won, but they can’t afford to wait on, the process of the banks to get their money, but I lost a home of 20 years of memories where I raised my children and grandchildren, and all the health problems my husband and I were going through, and we kept our house up and lost everything else, but due to the mistakes the bank made with my loan, I lost my home also, Country wide sold out to Bank of america, and it was all down hill from there, customer service was a joke, lies after lies. No one ever knew what you were talking about, information you faxed time and time again, they never had it. What a scam, so sad, and help, is this America we live in or WHAT????? No help for the unhealthy with a fixed income.

]]> By: JS https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-418454 Fri, 09 Aug 2013 15:45:48 +0000 https://4closurefraud.org/?p=60430#comment-418454 Before anyone gets too excited about this suit they should read this article, titled “Is B of A the Most Embarrassing Department of Justice Suit Ever?” by Bill Black

http://neweconomicperspectives.org/2013/08/is-b-of-a-the-most-embarrassing-department-of-justice-suit-ever.html

]]> By: Fury https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-418429 Thu, 08 Aug 2013 19:49:00 +0000 https://4closurefraud.org/?p=60430#comment-418429 always the investors.
always the investors!

homeowners are the ultimate defrauded investors.

we should receive FULL RESTITUTION for our losses
not a crummy $300 check
that some people still haven’t received from distRUST

]]> By: People's Lawyer https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-418401 Wed, 07 Aug 2013 21:43:12 +0000 https://4closurefraud.org/?p=60430#comment-418401 The lawsuit is entirely insincere. It fails to identify the individuals who engaged in the violations and does not address the key issue: the “warehouse” lines of credit were extended on loans which were never paid by BANA through the Countrywide entities, the notes and mortgages were never delivered to the REMIC trusts–which are nothing backed securities, and therefore have no value.

]]> By: Bill https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-418392 Wed, 07 Aug 2013 19:08:18 +0000 https://4closurefraud.org/?p=60430#comment-418392 That’s great for the Investors, but we little foreclosed upon animals have been devoured by the Big Animal Banks and Title Companies. BofA even created it’s own subsidiaries as things moved along. There’s got to be something wrong with that, and these are the things we KNOW. There’s a lot that will never be uncovered. Oh well, sign of the times.

]]> By: j. Alonzo https://4closurefraud.org/2013/08/07/department-of-justice-sues-bank-of-america-for-defrauding-investors-in-connection-with-sale-of-over-850-million-of-residential-mortgage-backed-securities/#comment-418367 Wed, 07 Aug 2013 13:27:21 +0000 https://4closurefraud.org/?p=60430#comment-418367 Yeah, yeah, but will any one go to jail? NOOOooooooooo!!!!!!!

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