• Report: #683114

Complaint Review: Bank of America

  • Submitted: Sat, January 15, 2011
  • Updated: Wed, May 14, 2014

  • Reported By: Charles — Menifee California U.S.A.
Bank of America
5401 N. Beach St Fort Worth,, Texas United States of America

Bank of America Home Loan Modification; Bait & Switch Scheme Fort Worth,, Texas

*Consumer Comment: "$100,000 CD POEM"....

*Consumer Comment: ORGANIZED CRIME SYNDICATE POEM

*Consumer Comment: Charles, It appears that many of the banks in America......

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Bank of America's crimminal enterprize activity in the supposed Home Loan Modification. They advertise that they will lower your mortgage payments if you qualify. Qualifications are simple mortgage payments are more then 31% of your income ...you qualify. It took over a year for our loan to be "accepted" for "trial payments" as the first step in the approval process. This was supposed to be a three month activity. Ten months later BofA rejects our application. They then offer to foreclose on the house if we do not immediately re-pay all of the reduced mortgage payments; plus late payment fees, plus other fees (that have no explanantion at all). Meantime, they have destroyed my excellent credit saying that for the ten moths I have been making the reduced payments they said I should make....that I have not been paying on my mortgage.

Bank of America has deliberately used "bait & switch" tactics to lure in homeowners to make less then full mortgage payments by baiting them with promised reduced mortgage payments. Then they stretch out the Lower payment trial period for almost a year before they tell the homeowner that they do not qualify for the mortgage modifiocation program. Then they switch the hoeowner to foreclosure by demanding immediate back payments, plus late payment fees, plus other fees. As the homeowners credit has been destroyed there is no other source of hard money to borrow to pay the back debt and foreclosure is pushed by the bank to get the property.

Bank of America has been paid by the US Taxpayers to fund the loan modification program. Bank of America has used this money to avoid any losses on property it has foreclosed. Bank of America has improved it's profits by adding late charges to mortgage payments that it had agreed to reduce pending acceptance into the loan modification program. Bank of America NEVR intended to make the Loan Modification Program available to homeowners. This is a scam of national scope impacting more then a million homeowners. In just late payment fees Bank of America will score nearly $1 Billion of pure illegal profits. The value of the property they have stolen is in the $Billions, plus the $4 Billion they have scammed from the US Government to put this crimminal enterprize into play.


This report was posted on Ripoff Report on 01/15/2011 08:40 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-of-America/Fort-Worth-Texas-76137/Bank-of-America-Home-Loan-Modification-Bait-Switch-Scheme-Fort-Worth-Texas-683114. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

"$100,000 CD POEM"....

AUTHOR: Karl - (USA)

is available at this website!

*Just type in 453956 and it appears as 'Consumer Comment #44' at Ripoff Report #453956.

Thank You

*******************************  CRIME FIGHTER ALERT  *******************************
*Anyone can type in 608748 at this site and read Katwoman61's Ripoff Report.

POWER TO THE PEOPLE
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#2 Consumer Comment

ORGANIZED CRIME SYNDICATE POEM

AUTHOR: Karl - (USA)

ORGANIZED CRIME SYNDICATE POEM

Golly-gee willakers Batman

The people are having a fit

The U.S. Federal government

Is an organized crime syndicate

What in the heck's going on

Pass me some biscuits and grit

It looks like the U.S. government

Is an organized crime syndicate

Sweet-smellin' limburger cheese

I think that it's time we both split

Gotta protect all the folks in America

From the organized crime syndicate

I guess that this poem is over

But you know that we're not gonna quit

Keep exposing the crooks in this country

The organized crime syndicate.

End.

******************* ORGANIZED CRIME SYNDICATE ALERT ******************

*To learn more about the organized crime syndicate, simply 'Google' all of the following and watch them on the web-

WHO CONTROLS THE FED BANK, WHO CONTROLS WHO VIDEO

FRONTLINE: THE WARNING

FRONTLINE: INSIDE THE MELTDOWN

FRONTLINE: BREAKING THE BANK

FRONTLINE: THE CARD GAME

THE OBAMA DECEPTION

YOUTUBE FALL OF THE REPUBLIC

ELIZABETH WARREN ON THE ECONOMY NOW ON PBS

INDYMAC BOYS GET SWEETHEART DEAL

BIG BANKS RESUME FORECLOSURE PAPERWORK PBS

DID SPECULATION FUEL OIL PRICE SWINGS

COUNTRYWIDE WHISTLEBLOWER REPORTS LIAR LOANS

AMERICA: FREEDOM TO FASCISM

THE ASCENT OF MONEY PBS (Episodes- 'From Bullion to Bubbles' & 'Bonds of War'.)

Thank You

"Knowledge is power."

POWER TO THE PEOPLE

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#3 Consumer Comment

Charles, It appears that many of the banks in America......

AUTHOR: Karl - (USA)

along with much of Wall Street, and even a portion of our government are part of an 'organized crime syndicate' that is preying upon the innocent people in this country, and on innocent people all over the world.

If you 'Google' this- WHO OWNS THE FED BANK, WHO CONTROLS WHO VIDEO, and watch it on the web, you'll be able to see that this is true.

Make sure to stay updated about Bank of America by 'Googling' this- WIKILEAKS, and reading all of the related articles on the web. It appears that Bank of America is going to exposed real soon at that site!

It also appears that some millionaires, who put their money into offshore bank accounts to avoid paying taxes, are going to be exposed at the WikiLeaks site.Try 'Googling' this- TOMORROW, WIKILEAKS WILL GET TONS OF DATA ON MILLIONAIRES WHO EVADE TAXES USING OFFSHORE ACCOUNTS, and read the related articles on the web, okay?

***Think of it like this: The banks/bankers are the owners of the NFL Football teams. Most of the politicians in the USA and in Europe, and many of the CEO's on Wall Street, are the coaches and assistant coaches. These 'coaches' and 'assistant coaches' all work for the 'hub', which is out to gain control of more territory on planet earth in order to start more football franchises.

*The Central Bankers (Federal Reserve & IMF) own all of the football teams, all of the stadiums, and all of property.

"Only a pawn in their game." - Bob Dylan

GO STEELERS!

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