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Originally posted by isyeye
One thing I'm curious about......most banks require you to have a checking account with the bank before they will issue a loan. While I don't agree with the bank not accepting cash, why did they not write a check? Something is off here.
Originally posted by CookieMonster09
First issue with this video is that this couple is in foreclosure. Look at the final video where they admit that they are in foreclosure.
Secondly, the gentleman in the video brought a video camera into the bank building - a huge red flag for bank personnel - and he raised his voice using objectionable language. He raised such a ruckus and was making such threatening comments that the bank personnel had to call the police for fear of their safety.
The real story here? If you listen closely to the police officer, he clearly explains that the couple -- likely due to the foreclosure proceedings -- is required to mail a check into the bank's foreclosure department.
Once a foreclosure starts, many times banks won't permit any payments whatsoever because it can re-start the entire foreclosure process over again. Hence, you have crooked borrowers that try to stop-start-stop-start the foreclosure process over and over again by playing games with their payments.
I can assure you that people make cash deposits on a daily basis into their checking accounts at their local bank branch, and then have their mortgage payment electronically deducted from their checking account. This happens every day.
This is nothing short of a publicity stunt and it goes to show you the audacity and arrogance of these borrowers. You have to ask yourself --- If they are so dissatisfied with Bank of America, why don't they refinance their mortgage at another bank? Why not? Because they are deadbeats with bad credit, slow pay history, and no other bank would take their mortgage. That's why. Cry me a river.
I eventually had to sell my home to escape the lunacy of corrupt mortgage holders because my monthly payments grew to out of my range of affordability, which was around $500 more per month than was agreed upon at the signing of my refinancing.