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Originally posted by CookieMonster09
The woman, after not having made payments in several months, I am sure accumulated late penalties, collection costs, and owed interest payments. Hence, her statement that BOA sold the mortgage note for "more than she owed". More like: "more than she thought she owed".
Until you hear BOA's side of the story, this is just another hyped media play by a deadbeat whining about a big bank.
Work injury, you say? Yep, and my cat ate my homework.
Never received notice that the house was in foreclosure? Does she ever check her mail?
Cry me a river. I am so sick of hearing of these lame, whiny stories about people that don't make their mortgage payments and somehow magically expect the government to bail them out of their unfortunate situation.
Why should the American taxpayer have to fund a deadbeat?
Originally posted by 1947flxible
local Citizen banks, the big guys are just cutthrought and dont care who they crush, and have uncle Wiskers big hand on their shoulder at all times. Local citizen banks, co-ops, credit unions, when these big banks get confiscated, and so does your cash, its the locals that survive for you the longest, before they are gobbled up too. I was doing research into banks just yesterday for a new account i want and first thing i did was look at which banks in my state took took Tarp Funds, they were disqualified right away. Next i looked for internal institutional ratings of banks in my area, then which of those had a sound foundation of long term private investment in MY local community, i discovered a local bank, i wont name it here, that met all those criterias for 130 years in this community. That is were i will be banking now, think local guys, whats tangable in your area, the big boys will all be owned by the gov soon, think local.
Originally posted by antonia
Oh I can bet you are stressed out. The Hubby and I are buying a house right now. It's through the VA though. We haven't encountered anything like that yet but we are staying away from the short sales. This is an army town so there's quite a bit of volume out there. We had to give the seller a whole laundry list of things he has to fix otherwise I know the VA won't accept it.
I'm not sure about this lady though. There's something weird about it. You can't just auction off someone's house with them living in it. A foreclosure normally involves a lengthy procedure. Normally papers get served. Granted, I don't like BoA because of the crazy fees they were trying to charge me all those years ago but, my mother has used them for years and never had issues with them. If she's got papers she can sue quite easily. She could just be lying about everything though. I have to say, most people don't like the big banks so it's easy to hate on them right now.
So are you saying then since we're hearing only her side of the story that is an indication she is a deadbeat, liar who has no injury, doesnt check her mail and expects to be bailedout?