- Report: #850681
Complaint Review: Bank of America - charlotte North Carolina
Reported By:
Advocate -
phoenix, Arizona, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Bank of America
charlotte, North Carolina, United States of America
Phone:
Web:
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Bank of America Loans Being Serviced By Bank of America Mortgage Debt Buyers charlotte, North Carolina
Depending on the length of your delinquency many lenders are known for having padded the mortgage debts. In many cases we have uncovered thousands of dollars in Junk Fees and attorneys fees; not to mention, late charges.
You must be able to effectively DEMAND that your mortgage lender respond to requests, and to prove up such fees. Some loan modifications that are offered to borrowers just simply dont make sense.
Many lenders use Trial Payments and Deposits as a ploy to collect money; rather than to structure a realistic Foreclosure Prevention Plan.
In many cases that we review, there was no amortization schedule, no TIL and balloon payment riders with no defined terms at the end of the loan.
In short, these are financial paths that lead to nowhere. We are noticing that more of these mortgage debt buyers are abusing the homeowners by putting them in alleged modifications that are a long run financial disaster.
Keep in mind that MOST of these loans were originated in the SUB-PRIME MARKET and shady broker shops selling loans that didnt fit the borrowers needs for long term goals.
Most of these debt buyers just keep adding fuel to the fire. In some cases you will even need to file strong letters of dispute to management and the research departments in the various areas of the restructuring process.
If you are tired of being beaten down by the banks, please feel free to visit our website for further details on avoiding a Pending Sale Date.
(((redacted links)))
You may also call (((redacted)))
Good Luck Homeowners.
Derrick ****
(((redacted info)))
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
You must be able to effectively DEMAND that your mortgage lender respond to requests, and to prove up such fees. Some loan modifications that are offered to borrowers just simply dont make sense.
Many lenders use Trial Payments and Deposits as a ploy to collect money; rather than to structure a realistic Foreclosure Prevention Plan.
In many cases that we review, there was no amortization schedule, no TIL and balloon payment riders with no defined terms at the end of the loan.
In short, these are financial paths that lead to nowhere. We are noticing that more of these mortgage debt buyers are abusing the homeowners by putting them in alleged modifications that are a long run financial disaster.
Keep in mind that MOST of these loans were originated in the SUB-PRIME MARKET and shady broker shops selling loans that didnt fit the borrowers needs for long term goals.
Most of these debt buyers just keep adding fuel to the fire. In some cases you will even need to file strong letters of dispute to management and the research departments in the various areas of the restructuring process.
If you are tired of being beaten down by the banks, please feel free to visit our website for further details on avoiding a Pending Sale Date.
(((redacted links)))
You may also call (((redacted)))
Good Luck Homeowners.
Derrick ****
(((redacted info)))
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
3 Updates & Rebuttals
Karl
Highlands Ranch,Colorado,
USA
ROBOSQUID POEM.......
#2Consumer Comment
Fri, March 09, 2012
is available at this website.
Just type in 753420 at this site and it appears as 'Consumer Comment #2' at Ripoff Report #753420.
Thank You
***POLITICIAN ALERT: Make sure to type in the following at this site and read the Ripoff Reports from people all over America for important information-
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Ronny g
North hollywood,California,
USA
I DID IT!!!! I DID AS KARL SUGGESTED AND TYPED IN REPORT #850731 ON THIS WEBSITE...
#3Consumer Comment
Fri, March 09, 2012
AND ALL THAT I GOT WAS...
850731 | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds ReportedYour Search | 850731-Reports Found
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Karl
Highlands Ranch,Colorado,
USA
McSLUMP POEM....... just type in 850731 at this site.....
#4Consumer Comment
Thu, March 08, 2012
and it appears in the consumer comments section at Ripoff Report #850731.
Thank You
***POLITICIAN ALERT: Make sure to type in all of the following at this site and read the Ripoff Reports for important information-
PRESIDENTIAL CANDIDATE
COMMITTEE CHAIRMAN
OBAMA
BUSH
CHENEY
CLINTON
REAGAN
US GOVERNMENT
POLITICIAN
