Wow! I guess Bank of America does care.

OK. This is actually a funny story in a black comedy sort of way.

I got my foreclosure notice today. This is after two years of trying in good faith to make good on my mortgage, but they kept sending my money back to me even after they approved me for their loan modification program. I made my first payment for the program, but they STILL returned my money. So, I gave up sending them anything.

Today, FedEx delivered the notice that I can either do a short sale or allow the property to foreclose. I called the 800 number on the letter. After going around in circles with these people, I finally told them that they can have my house when they peel my cold dead body off the floor! He then told me to have a nice day.

Ten minutes later, I get a call from the police saying that officers are on their way & to not hurt myself. I went outside & waited for the police. A couple minutes later, three officers showed up, two men & a woman. I told them that I was just being dramatic & that I have no intention of hurting myself. I assured them that I'm a fighter & even asked them if they wanted to come in & see that I had contacted a foreclosure attorney. They declined.

One of the officers asked me if it was a local BoA branch. I told him that it was the 800 number I had called & that I asked the supervisor what part of Hell he was from, but he wouldn't answer me. All the officers laughed their azzes off at this & left after wishing me luck & giving me their sympathies.

Is this what it has come down to? It is so sad that the mortgage companies can bring you to the brink of making false threats because there is nothing else you can do. At least they're covering their behinds in case I was serious.

Has anyone or someone they know had to stoop to this level because they have been backed into a corner?

reply to post by Afterthought


Well, I guess they figured that you comitting suicide in the house may lower their chances of making more money off your misfortune. Think about it, your "cold dead body" could lower your property value!

They could care less about your state of mind, or well being. What they care about is your property!

Best wishes to you, though.

It was a funny story, and I am happy to see you have a good attitude about it all.

One thing is certain...They didn't call the cops because they care about you. They called because the cost of a Hazmat clean-up is very expensive and that would cut into their profits when the sell your soon to be ex-home.

That is indeed humorous...still, I am a bit confused.. did you send in money to try to get current and they refused it? I thought that was considered a forfiture of loan in most states, meaning that by refusing your payment, they absolve all rights to any future payments... guess not, but it would be quirky and funny if it was the case.

Why would they keep sending your money back when you were trying to make payments?

reply to post by rogerstigers


That's correct. I even sent them $3000 in Dec. 2008 trying to make things right. On Jan. 6th, the money was put back in my account.

Edit: This is what amount they requested to make things current.

[edit on 16-4-2010 by Afterthought]

reply to post by rogerstigers


I do believe that you are correct. However, if he did not remit the full balance due, they have it written in most loans now, they have the right to reject the payment.

If, however, he was remitting in full, and they still rejected it, he gets the house. Especially if he can prove it with return letters, dated checks, envelopes. etc.

reply to post by Libertygal


You better bet your bottom dollar I can!

Just wait 'til I see them in court.

Let me tell you how it all began....

In June 2008, I called & asked them for a 3 month deferment since I'd lost my full-time job. The woman I spoke with said this was fine. In October, I'd pay two of the months I'd missed & the 3rd month would be tacked to the end of my loan.

in October, I sent them the 2 months worth. The following week, it was back in my account. I called them to see what the deal was. They told me that they don't do deferments & the lady that issued it to me didn't work there anymore.

This is when the nightmare began & they haven't accepted a dime from me since.

reply to post by Aggie Man


LMFAO! Hazmat! You're too funny. I should've told them I'd hang a sign saying that this house is now haunted!

No way I could pass up replying on this, my poor friend.


We are in exactly the same boat with Wells Fargo. The internet is flooded with reports about their tactics, and it is always the same, no matter how faithfully you paid, for how long, or how stable you may be.

I am fully convinced, due to the absolute lack of business sense in their dealings with us and many, many others, that it is a conspiracy.

The government gave them a ton of money to stabilize the housing market, i.e. shore up bad loans. All property tends to appreciate over time, notwithstanding the market fluctuations we have experienced over the last three years. There is no way, imo, the government did not have their butts covered by having our homes serve as collateral for that bail-out money.

There are also many types of insurance that we average humans know nothing about, including some kind of investment insurance, like collateral or some other type of hedge against loss. These are banks, after all. They always cover their backside. Usually they want people's money, so what do they have to gain?

Simple. They resell your home at a higher value than you originally paid. Long time mortgage holders are the ones whose homes will actually appreciate from original purchase price. It's not about stable payments, it's about quick cash and taking over people's homes for resale.

Even more chilling, if our homes are, in fact, the collateral for the government's bailout of these huge banks, then they will be the real owners of all this property.

If it was about my own personal financial ups and downs, I could live with that. But seeing the games they play, the ignorant ways they tend to show most, the unqualified and overworked call center employees, it's just too freaking much to believe a professional organization with this much money, power and backing is doing this without purpose.

They just don't play with money that way. It is, in my opinion, also designed to get the homeowner to abandon their property without realizing it, thinking they will be shamed and put into the street without notice.

Nothing makes sense anymore. Our mortgage company said if we kept making payments, we wouldn't qualify for the lower payment program.

RETARDED. It's dropping the homeowner's credit score to the point they actually disqualify themselves by having a FICO score that's too low. Further, the company will not apply the payments to your mortgage, but holds them in suspension, doing no good for anyone.

Sickening. Find an owner-financed property and get an arrangement you can live with, approved by a qualified lawyer. Or declare bankruptcy and hang on to what you have the best you can.

My parents abandoned their home and went through sheer hell to buy another. After it was all said and done, my mom realized that with her property taxes, she was paying on the first house. She checked it out and guess what?

After the bank had settled all the debts with the land around the house, the house ended up paid off, and now they live there on the remaining two acres, with no more mortgage!

LOL. Is that not crazy?

Pray and stand your ground, my friend. Or take an option that has nothing to do with any mortgage company. There are more ways to get a home than through mainstream methods and madness.

God bless you. I appreciate your story, and you will make it. Your stand was awesome, and really illustrates the insanity going on.

Don't think all these foreclosures are deadbeats, people. Not even close.

Whatever you hope to accomplish, I sincerely hope you do. Their behavior and policies are despicable. I'm appalled by their refusal to accept your payments. Burns me up!

What are they going to do when half the homeowners in the country are living in the street? It's not actually *money* anyway. It's just figures on a computer screen. They would resell the property, plus keep what you have already paid in. They are out nothing.

Good luck to you.

reply to post by Copperflower


Thank you, Copperflower. Your words mean more than you can imagine. God bless you & your parents as well! I will stand my ground & not give up. They will lose!

I look very forward to hearing back what happens in the outcome of all this then. I applaud you being willing to stand up to it through all of this, they can be quite intimidating.

If I could make just one suggestion, but always listen to your attorney, keep trying to make the payments. By the time it gets to court, they will look even more like fools.

Just one more thing to consider:

If the government ends up as the true owner of these properties, we will be renting our own homes from them.

And what about mortgage insurance we all have to pay? How does it work, and who the heck is it benefitting?

Not us...another reason why it pays for us to lose.

I thank God for His help, only He can lead us through these lies and what I consider white collar slavery to these unreasonable systems of employment, credit, inflated costs, and loans.

Only a few decades ago, people could pay off a home in under 10 years, a car in a couple, max. Costs have risen, technology has not given back what it has taken, and looms like a mirage in front of us, promising much but costing more, and we are being squeezed dry.

I urge every one of you to seek God's help and wisdom. He knows everything and does not support injustice, no matter what the press says about Him.

His wisdom and strength are superior to these fortresses of finance, and I have been amazed as my faith has been stretched into these areas of life.

He is there, and will rescue us. Sometimes it is a rescue from an unjust system hopelessly stacked against us. But He will rescue, and unfortunately for the unethical, He will certainly repay.

With that in mind, perhaps a prayer for the mortgage companies, when their tab comes due? There will be no bailout that can save those who deliberately take from others unjustly.

Absolutely amazing.

The banks don't want to get our money from us directly anymore, but rather deem us as "bad credit" so they can get our tax-money in a government bailout?

What a scam.

Take care and keep us updated.


GM

This may shed some light on this subject:

articles.moneycentral.msn.com...,1328674
Banks really do prefer foreclosure

fatcatexecutive.com...
This is how Banks Profit from Foreclosures, and how the U.S. Taxpayer Picks up the Tab.

www.shortsaledesmoines.com...
Banks Find Ways to profit from dragging out Foreclosures

shamethebanks.org...
Profit From Foreclosures?

Thanks to everyone for all your kind words & support. I have an appointment Wed. with the attorney, so I'll update this thread after I have the meeting. They cannot & will not be able to continue their criminal activities. The American people do not diserve this!

About a year ago a womans house was getting foreclosed upon, her husband and kids didn't know, and the day the bank was to come and take the house, she sent a fax-suicide note to the bank and killed herself in the house, I believe they were having people come to look at the house to buy it....

It'd be funny, if it hadn't happened before.... like actually happened.

reply to post by Afterthought


There is obviously no road map through this chaos, but there is a secret path for each and every one of us.

Many homeowners and property owners are making their own deals and leaving the stupid banks out of it. This however requires superior instincts, knowledge, and wisdom to work out properly. It requires an element of humanity that is completely lacking in finance today.

Much like socialism, the problem is not always the plan, it's the lack of reality concerning the human factor, a huge variable that changes as the situation changes for some.


This is where the superiority of God, His guidance, and other humans trumps the paper kingdoms of this earth.

We don't have to have a million solutions, nor we do require the whole system to be in perfect order for God to bless us.

We only need the one solution that is right for us, and that is all one can reasonably expect in this chaos. I urge you to seek only that perfect solution for you, whoever you are and whatever it is you are dealing with, folks.

He is faithful, and just...