BANK OF AMERICA COMPLAINT:
Submitted: September
2012
Reported By: Linda in Mobile, Alabama
Report Link: CLICK HERE
Our mortgage has been serviced by four different
companies in about six years. I've never had the first problem until Bank
of America. About 18 months ago they began threatening me with foreclosure
and said I was behind on my escrow.
The original payments were in excess of $500.
They got up to $966.77, including escrow (which has always been included in
payments), $39.34 FHA MIP, $116.01 late charges and $15.00 fees due. They
finally admitted two months ago, with help from my insurance company, that my
payments should be $836.64!! Wow! I continued to send the $966.77
in hopes they would apply difference to amount they claimed I was late but they
refused it and mailed me a check for the difference.
I have tried the 800#, only one I have, numerous
times attempting to get assistance - all in vain. I wrote two letters
asking for a loan modification and received two from them telling me the paper
work was being handled to modify the loan. I've not received anything to
that affect and almost every day I get letters threatening foreclosure because
I'm in default. That amount has risen to $1,924.65 from $800. due to the
addition of late charges and fees every month.
My husband is disabled and has been bedridden for
years. I'm worn out fighting with BofA!! The interest rate has remained
at 6.5%, my escrow has decreased yet my payments have nearly doubled. I
owe about $70,000. less than the last appraised value. I'm being RIPPED
OFF!
END CONSULTING
ADVICE:
We routinely look for posts to answer in hopes
that it will not only bring optimism to those homeowners and borrowers in
distress but also some basic information to assist in fighting the banks that
are "too big to fail" but yet don't appreciate the bailout that we
provided in their time of need. The debt collectors like SPS, SLS, Green
Tree, Ocwen and Nationstar are simply just piranhas but they can be beat at
their own game too just like the big banks can be defeated. You CAN win
this fight!!!
It pains me that you have fallen victim to the
illegal, unfair, deceptive and abusive acts and practices of Bank of America, but
I also commend you for seeking help; too often homeowners do not fight for
their consumer and constitutional rights.
Bank of America has already admitted wrongdoing this year and agreed to
the largest settlement in banking history in the amount of $7 Billion this year
as a result of the admitted wrongdoing.
This is an excellent time to assert your consumer and Constitutional
rights!
With that said, you have overlooked a key aspect to
your fight, which is putting your valid objections and escrow issues in writing
in the form of a proper QWR and
attaching proof your consumer and Constitutional rights; they have certainly
been violated in this case as I see it. All
of the mortgage lending and debt collection companies, including Bank of
America, MUST answer your Qualified Written Requests (QWR) and if they refuse
to then you take your fight to all the regulatory agencies outside of Bank of
America that assist in fighting for your rights like the CFPB; it’s a shame
that these more than profitable and previously bailed-out companies engage in
this type of consumer abuse.
We would be more than happy to educate you as to
how to fight for your rights. My firm routinely seeks out
complaints online so that we can educate as to how to fight back on our weekday
show called "The Daily Complaint"
where we review a complaint and how to tackle it successfully.
We reviewed your complaint on the show if you
would like to listen, click here or visit The
DailyComplaint.com
You can learn more by visiting the CFPB's website
and becoming educating about the rights afforded you under the FDCPA,
Dodd-Frank and RESPA via the CFPB – click here. Here’s
also some FAQs on “escrow accounts and escrow abuse” since that may be the
situation that you find yourself in at this time – click here
In the event you have further questions, you can
contact END Consulting and me directly as I would be more than happy to contact
any of the companies on your behalf to determine the status of your foreclosure
situation!
END Consulting is a full service strategic debt
and credit consulting firm started in 2006 with expertise is debt negotiations
coupled with an exceptional track record of strategic consulting to include the
real estate industry with a formidable business foundation. We have successfully assisted hundreds of
clients in the past year alone in achieving desired results with regards to
their mortgage loan(s) to secure ethical, legal and affordable mortgage workout
solutions. The results that we negotiated
for our clients were not on the table for most when we took on the client as it
took regulatory muscle and aggressive communication to achieve the desired debt
restructuring resolutions.
I would be happy to elaborate for anyone reading
this as we always offer free consultation until we can determine if we can
assist you to include contacting the bank and/or servicer for you for free to
uncover the options that exist for you in this situation. You can reach me via
email at Dana@ConsultingEND.com or via the web at www.ConsultingEND.com. I have
had the pleasure of educating thousands of consumers on their rights and how to
assert them to get what they want...my firm is exceptional at what we do!
Every new beginning comes from some other
beginning's END
Respectfully,
Dana Shafman
Managing Member
END Consulting
(888) 234-7006 Ext 101
