In Foreclosure Over $1

Written by Jim the Realtor

August 15, 2011

11 Comments

  1. rodeman

    A. P. Giannini is turning over in his grave…

  2. doug r

    And how much TARP money went to “to big to fail” Bank of America?

  3. clearfund

    The last 5 seconds clears it all up: “…their agents told [them] it was in foreclosure when it wasn’t.”

    Bank wasn’t foreclosing at all…there was nothing there to foreclose. Every tiny thing is overblown and made into a federal drama case these days.

    If a local reporter can call and get it resolved, what does that say about the ‘skill sets’ of the homeowner in question.

  4. shoppingaround

    What does it say about the skill sets of the BofA agents if they repeatedly told the homeowner that they WERE in foreclosure?

    IT tells you that the bank is major league messed up, if someone can’t get the right answer until a reporter gets involved. Then it becomes a PR issue that needs resolving and VIOLA! it all gets cleared up.

  5. Chuck Ponzi

    I just wasted 2 minutes of my life. My fault for clicking onto such a stupid video in the first place.

    Chuck

  6. Susie

    This is the first time I’ve disagreed with you, clearfund!

    It’s Bank of America, why aren’t I surprised? I spent a year talking to them over a mistaken debit credit to a wrong account–and I wasn’t even their customer.

    Then last October, I nearly didn’t get my new house over a mistaken MERS (Mortgage Electronic Record System) entry from 2005. After countless calls to them, they promised to call me back but never have. I’ve gave up talking with them since it never showed up on my credit report, and I was able to close on my house last November.

    The “cherry on the top” is my son had a checking account with them, and BoA will not return $19 balance in his closed account from 2005.

    At a certain point, you just give up and go on with your life. I seriously hope my mortgage is never, ever sold to them…

  7. consultant

    We left BOA and moved to a credit union. Haven’t regretted it.

    That video reflects the chaos in BOA and many of our other too big to fail banks. No one will EVER be able to rightly sort this mess out. What is happening is the banks are trying to off load all the bad paper they hold, and they don’t even know how much they hold or who owes what.

    We went down this rabbit hole and NO ONE in authority seems to have the guts or honor to do anything about it.

    By default, we’re headed back to local housing markets. San Diego will probably do better than most, for a while.

  8. Davidka

    Bank of America has repeatedly messed up my loans. For example, I fully paid off two B of A mortgages when I sold a house in 2007. (a sale, not a short sale.) Now, B of A’s collection agency is pestering me with phone calls claiming I owe a deficiency balance of $18,000, and demanding money.

  9. no_techie

    Back in 1994 I was hired to clean up an accounting nightmare for a small service company. The company bookkeeper hadn’t reconciled the company’s four B of A checking accounts for 1 1/2 years. I got to work reconciling and found several errors on the B of A bank statements. That was the first time I had ever found a bank statement error – and I have seen many bank statements from many different banks. I’ve always wondered how B of A buried the errors, since they had to reconcile the batches of checks every night. Anyway, that told me something about B of A and since then I have avoided them and told others about my experience.

  10. sdbri

    clearfund has nothing to do with the homeowner, it sounds like you had trouble comprehending what the last 5 seconds said. BOA is notorious for this kind of confusion, having been *foreclosed on* by numerous people. In two separate cases, they had a sheriff’s order to auction off bank property to pay a homeowner they fraudulently claimed owed money.

    Things like this always get cleared up when the media calls. Has nothing to do with their effectiveness, it’s called PR.

    I thought you were better than that.

Jim Klinge

Klinge Realty Group
Broker-Associate, Compass
Jim Klinge

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