Report: #188844

Complaint Review: Bank Of America

  • Submitted: Thu, April 27, 2006
  • Updated: Thu, April 27, 2006
  • Reported By: brandon Florida
  • Bank Of America
  • Phone:
  • Web:
  • Category: Banks

Bank Of America deception, false information Brandon Florida Internet

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I am telling my story of Bank of America in the hopes that I can get advice and perhaps help on how to resolve this horrible issue. I've called several lawyers and spoken to several people and it seems that everyone is either afraid of helping or think that going against this institution is hopeless. No one wants to touch it.

In May of 2002 my husband applied and received home Equity Line of Credit from BOFA so that he and his friend can start a business (which is another horrible story). I wanted no part of it. By September of the same year, after he had used a lot of this money to get the business up and running, he said that the bank wanted me to come in. I went along with him and a woman sat in an empty office and handed me a paper to sign. All the paper had was signature lines. I asked her what it was for and she informed me that it was just letting us know that you're aware that your husband took out this loan. I asked will this mean you'll come after me if he doesn't pay, she assured me that no that won't happen, I assure you it's all just to let us know that you know. She proceeded to go into the desk and take out a stamp and stamped the paper. I trusted and believed them. After all, a Bank wouldn't deceive anybody. WRONG!

My husband died suddenly of a massive heart attack in April of 2005. I am still grieving. In the meantime while my life is turned upside down, I am assuming that his partner is paying his portion of this loan. Well, he wasn't and isn't. I called the bank several times and told each and every one I spoke to of my husband's death. I was given different stories. I told them to close all his account (checking, savings, etc.) and they said I couldn't do that because he had to. Okay, how? I went in there with papers from a judge proving I now had the right to close. They said I had to call here and there and do this and that. I got nowhere. I top of which I had no money.

In September of 2005 I was served with foreclosure papers from BofA. I was devastated. What else could go wrong. Why are they doing this. Why is my name on these papers, I had nothing to do with it. I didn't borrow the money. I tried telling them what was going on, no one would help me. Oh my, what am I going to do?

They were after me with a vengeance. I couldn't sell the house because it in my husband's name only, so how to pay them? What'll I do? I hired a probate lawyer. I gave him the foreclosure papers and explained to him what was happening. He was bewildered. I showed him all the statements and he wondered which one is for the line of credit. It's ambiguous. I never know what I'm paying. I had to come up with $7000. to re-instate everything. Tried working with them again, since they continue to charge for an insurance against the not yet closed checking account so charging fees for not having money to pay for the insurance that should have been cancelled a year ago, as requested. It's a vicious circle. Now the statements are saying that my minimum payment is $6000. and growing, WHY? I can't get answers, or anywhere. This is so unfair. I don't know what to do and am so scared that foreclosure is imminent. I don't know what to do. I'm going crazy.

brandon, Florida

This report was posted on Ripoff Report on 04/27/2006 09:15 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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