Bank of America doubles foreclosure filings in South Florida

Sep 1, 2011 Full story: Business Journal 25

Court records show that BofA initiated 280 foreclosures in South Florida's three counties in August.

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Jesse

New York, NY

#1 Sep 1, 2011
Bank of America's getting desperate so they're foreclosing as much as they can in the lawless State of Florida.
Bob

Dallas, TX

#2 Sep 2, 2011
Guess you're right about banks wanting to foreclose, but it doesnt make sense why they would want to lose that much money. Unless (and probably) they just want to put their hands out to Uncle again and cry that they don't have enough money to keep society running. If bac operates anything like WFC in regard to my foreclosure, where they wrote off a 122,000 mortgage for $37,000, less then a 1/3 of what I owed them. Evem though I could show 3x income to bills and mortgage, They shot each down as not in guidelines. Pension, SS, unemployment and rental income. It's all a scam. Just when I thought it was prime to short BAC, frikin Buffet buys 50 billion worth. Now that I'm long it looks
sick today. Should increase my silver and gold.
Telmark

Chico, CA

#3 Sep 2, 2011
Here's an idea: abide by the loan agreement you signed by paying your mortgage on time.

Since: Nov 09

Location hidden

#4 Sep 2, 2011
I am completely agree and this will be the best things which is thus needed to be done perfectly. I have seen this several time that people having more debts cannot get the loan agreement done properly.
Jesse

New York, NY

#5 Sep 2, 2011
Here's an idea Telmark - abide by the laws of nature and neither a borrower nor a lender be.
Telmark

Chico, CA

#6 Sep 3, 2011
Jesse wrote:
Here's an idea Telmark - abide by the laws of nature and neither a borrower nor a lender be.
The city of New York wouldn't exist without borrowing and lending Jesse.

Also consider the fact that "laws of nature" wouldn't allow for welfare, section 8 housing, food stamps, free or low cost energy programs, etc, etc, etc.

I guess you're "OK" with that right?
Obuma Sux

Phoenix, AZ

#7 Sep 3, 2011
Telmark wrote:
Here's an idea: abide by the loan agreement you signed by paying your mortgage on time.
You're either a clueless moron or you're working for bofa. I just read a true story about BofA trying to foreclose on a Florida homeowner who had paid cash for his house 20 years ago and had NO loans on it!

BofA is a lawless outfit that got billions in bailout money and then they thank us by trying to foreclose on homeowners who own their houses or are current on all their payments! The stories are all over the internet.
Jesse

Manchester, UK

#8 Sep 3, 2011
Telmark wrote:
<quoted text>
The city of New York wouldn't exist without borrowing and lending Jesse.
Also consider the fact that "laws of nature" wouldn't allow for welfare, section 8 housing, food stamps, free or low cost energy programs, etc, etc, etc.
I guess you're "OK" with that right?
Are you asking if I'm okay with welfare? No I'm not. It has destroyed America and England.
Wall Street and the City of London both sell the same drug which has made them rich: financial opium. Let them both fail.
New York City is an ugly sewer filled with politically sick hypermulticulturalist ultra-leftists - I live in Manhattan, so I experience it firsthand. London has become New York number two in the past ten years and is even more vile and disassociated from natural order.
So your argument is null. America had great potential up until the establishment of the "Federal" Reserve on 1913. It's been downhill ferment ever since. England has been a Bank of England prison colony since 1694. Both had artificial booms - England in the Victorian Era, America from 1950-64. These booms were designed for the benefit of the Bank under the Crown Corporation for the benefit of Zionism whose primary goal is the re-establishment of the Temple of Solomon.
Although this is not a bad thing, it's important to know what is really causing chaos in our lives and our world.
Telmark

Redding, CA

#9 Sep 5, 2011
Jesse wrote:
<quoted text>
Are you asking if I'm okay with welfare?
I'm in total agreement with your opinion on welfare Jesse.

However, I stand by my opinion on "borrowing and lending". Please keep in mind that England, etc, would have likely fallen to the Nazis and Imperial Japan if not for the "lend lease" program. Meanwhile, "borrowing and lending" has, like it or not, remained a major economic factor in human life since the earliest days of civilization. The problem is that the CRA instigated home loan scam continues to play a huge part in the economic disaster that we all face today. This CRA scam was nothing less than a "pump and dump" con game from the start.
Obuma Sux wrote:
<quoted text>
You're either a clueless moron or you're working for bofa. I just read a true story about BofA trying to foreclose on a Florida homeowner who had paid cash for his house 20 years ago and had NO loans on it
Sorry, but anyone can post anything on the Internet. A case in point would be Obama's so-called legitimate income tax paying work history (talk about a load of baloney). Any and everything that you "read on the Internet" means absolutely nothing until you verify the source or sources of said info.

The bottom line here is this:

Less than 1/2 of 1 percent of those that remain current with the loan agreements they signed risk facing foreclosure.

Again, the vast majority of those that abide by the loan agreements that they signed have very little chance of facing foreclosure.
Jesse

UK

#10 Sep 6, 2011
Telmark the forces behind the Bank of England created both World Wars, so England would not have "fallen" to anyone.
Ron

Concord, CA

#11 Sep 6, 2011
believe me banks do not want to foreclose. Bank of America only services the loans, they do not own most of these loans they have paid a upfront fee to collect the payment and make a percentage to do so. The owner or the investor is who instructs the bank to foreclose on a non paying account. If someone owned you a $100 and you could not contact them for more than a year and one day they called and offered you $75.00 to pay off their debt, most people would take it. Most loan modifications are future foreclosures,if you are upside down on your home now and get a job transfer three years from now, what are you going to do with your home? You are going to tell the investor to take it. Most investors want to get done with the pain now and not wait for years to recoupe part of their investment.

Since: Jul 11

Location hidden

#12 Sep 6, 2011
Telmark wrote:
Here's an idea: abide by the loan agreement you signed by paying your mortgage on time.
I fully agree with this poster.

Only those who lied on their loan application are now paying the price for their actions.

Liar loans, liar borrowers. Cry babies now. Blaming everyone, except themselves.

The greedy loan officers found a perfect victim when the borrowers were thives themselves.
Jesse

Sheffield, UK

#14 Sep 7, 2011
David Cheater Cheever trolls the forums for the banks.
random reader

Miami, FL

#15 Sep 7, 2011
Jesse wrote:
David Cheater Cheever trolls the forums for the banks.
His post and TelMark's are spot-on.

Your posts are delusional and point to your clinical insanity. Where to even start?
Jesse

UK

#16 Sep 7, 2011
David cheater posts as "random reader." Pathetic.
Probably not

Oviedo, FL

#17 Sep 7, 2011
David Cheever wrote:
<quoted text>
I fully agree with this poster.
Only those who lied on their loan application are now paying the price for their actions.
Liar loans, liar borrowers. Cry babies now. Blaming everyone, except themselves.
The greedy loan officers found a perfect victim when the borrowers were thives themselves.
it depends on region of the nation. My particular region, Central Florida was devastated and will likely never fully recover.

You skip from loan officers to borrowers signaling that you don't really understand how home mortgages come to be and the various desks mortgages cross before money changes hands. Then there were second mortgages__refi's and those who raced to purchase second, even third homes.

How does one lie on a loan application and then magically get a loan? Don't people check these application thingy's__aren't mortgage brokers and others in the process licensed? Insured?
Kathrine

Newark, DE

#18 Sep 8, 2011
Reading all of the forums on how BofA sucks, and a lot of other servicers let's me know how uninformed the public is as to what actually occurs... here are some FACTS that no one takes into consideration:
1. Servicers have to play by the rules of the investor. If Fannie Mae backs your loan, Bank of America has to do your loan modification/foreclosure process based on Fannie's guidelines (which change so many times no one can keep up)- this is why it takes lenders to long to complete a modification or foreclosure.
2. When a foreclosure date is approaching, the servicer has to ask the investor for a postponement so they can AVOID the foreclosure (because it cost more money than it's worth)- most times the investor such as Fannie Mae or Freddie Mac say, very simply and unapologetically, "denied." There is nothing the servicer can do.
3. Don't forget that these investors like Fannie Mae, Freddie Mac and other servicers got bailout money also!

Start blaming how the investors drag their feet on guidelines, rush changes to keep everyone scrambling to pick up the ball they dropped, and force the foreclosures. These are government sponsored entities.

Just some facts that no one considers ever, and should.
Jesse

UK

#19 Sep 9, 2011
Kathrine you're right to blame the investors as well as servicers. But you're talking about the RULES - and no one is playing by them any more.
Cynthia

Fort Worth, TX

#20 Sep 9, 2011
It is simple math to me and I have no college degree! If you only make 50k a year how can you afford a 250k house? I have heard people talk about how they have not made payments in over a year and still in their home and can care less but as soon as they are foreclosed will be begging for a place to stay and where is all that money you saved? Where would people be if BofA didn't step in and try to save Countrywide? Don't forget Countrywide did most of these loans! Don't forget there are several institutions that have done wrongful foreclosures! I am just an average middle class person I do t care about what happened in 1913 it is about what is right and wrong! Pay your debts!
Jesse

Chesterfield, UK

#21 Sep 9, 2011
Cynthia paying your "debts" is right? Go ahead be a slave. Not me!

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