Flawless victory: Homeowners foreclose on Bank of America - PeachParts Mercedes-Benz Forum

JamesDean · #1 06-04-2011, 04:49 AM

http://www.winknews.com/Local-Florida/2011-06-03/Tables-Turn-Deputies-and-movers-show-up-at-bank-to-seize-property-for-homeowner-

I bet thats a day you'll remember, on either side. Hopefully that'll teach a thing or two..

t walgamuth · #2 06-04-2011, 06:09 AM

Bank of america bought MBNA with whom I had had a master card for two decades. Although I was paying all due on time they decided to push my interest rate from 11 to 25% saying I had too much debt (They had just sold my wife a loan to close out another credit card).

I tried my best but could only get them to lower it to 22%.

I ended up selling a property and paid them off.

I will NEVER do business with them again and will ALWAYS tell everyone I see that they are GREEDY RUTHLESS BASTARDS.

benhogan · #3 06-04-2011, 06:31 AM

awesome. simply awesome.

this is another reason to deal only with your local credit union.

layback40 · #4 06-04-2011, 06:46 AM

Quote:

Originally Posted by t walgamuth

Bank of america bought MBNA with whom I had had a master card for two decades. Although I was paying all due on time they decided to push my interest rate from 11 to 25% saying I had too much debt (They had just sold my wife a loan to close out another credit card).

I tried my best but could only get them to lower it to 22%.

I ended up selling a property and paid them off.

I will NEVER do business with them again and will ALWAYS tell everyone I see that they are GREEDY RUTHLESS BASTARDS.

On this we do agree Tom.
I see them more as incompetent blood sucking parisites.
Every month I get a news letter from one of the big banks here in Australia offering me low interest loans if I purchase one of their featured properties
( they are all foreclosures). Not a chance in hell !! It would be like attempting oral sex with a piranha !!

Its not the job of hard working people to be paying for the local bank managers new car & extravagant lifestyle.

Home loan repayments here in Australia are now typically 40% of income. The average young guy works 2 days to support his bank manager, a day & 1/2 for the tax office & tries to live off & support his family on one & 1/2 days pay for the week.

When I was young, I never lived in a house that I had a loan on, always had them rented.

Chas H · #5 06-04-2011, 10:04 AM

I've got no local credit union to use in place of the BoA credit card I carry. I pay off my balance every month so there are no charges at all to my account. If I need to carry a balance for a short period of time I take a loan from my home equity account. Interest on that account is currently 3% and tax deductable.

chasinthesun · #6 06-04-2011, 11:35 AM

Half our lives we are working to pay taxes ,the other half were working to pay the bank ,seems about right.In HS economics they should teach kids to save before you pay ,at least half down.In reality the first debt they encure in life is a student loan .Most loan companies that work for banks are crooks in disguise.

retmil46 · #7 06-04-2011, 12:46 PM

Quote:

Originally Posted by t walgamuth

I will NEVER do business with them again and will ALWAYS tell everyone I see that they are GREEDY RUTHLESS BASTARDS.

Agreed. I've had dealings with BOA before - thankfully it didn't get to the point of actually doing business with them - and came away with a bad taste in my mouth and the urge to immediately go home and take a shower, as if I'd just had contact with something dirty and sleazy.

I wonder if they pulled the same stunt as Wachovia to survive over the past few years - ie, laundering drug money.

Pooka · #8 06-04-2011, 01:13 PM

There was a case in Midland, Texas, about 40 years ago where an old mad walked into the offices of Gulf Oil and told everyone to get out since he owned the place. They had him locked up.

Then his lawyer showed up and proved that Gulf had violated a contract clause to drill a well on his property every month or pay a penalty. If they skipped six months in a row all of the property he had leased to them reverted back to him with all of its' improvements. He had waited a year until after they had stopped drilling so he walked in and told them all to get off of his land.

And he was right.

Gulf settled with him for an undisclosed amount.

dynalow · #9 06-05-2011, 09:44 AM

When my 4% "transfer rate" on a BNofA cc balance I move to them last year is up next month, the rate jumps to 25+%.
Oh well. Time to move back to ATT or Chase. It's a game. For an up-front fee of say 4 or 5%, zero interest for a year of so.

A few years ago, I got a monthly statement from US Bank, which is the card I carry around. It had a late payment fee (I pay it online from my Bof A account). So I called & explained to the rep. that I paid the bill online and it was a posting problem. Fee waived.
Then I asked if they gave lower rates for good (credit score) customers? "Why yes, Mr Z, I can lower your rate to 12%" She didn't bat an eyelash.

Same late payment thing happened last month. Same Result. Fee waived.

We have come back to basics, especially since the passage if "Financial Reform" legislation. Credit scores = credit worthiness.

Mistress · #10 06-05-2011, 10:06 AM

I use American Express if i have to use a credit card. CitiBank is another bank from He**. I had their card for close to 30 years and because I always pay the balance off at the end of the month they penalized me and lowered my credit balance from 13,000.00 to 3500.00. I told them to shove it, I would use my Am Ex card from now on.

Dee8go · #11 06-05-2011, 11:29 AM

Banks have just gotten too big. Once a business reaches such proportions as these banks have, they seem to become a law unto themselves. Not just banks, but any business or entity. Then, we have to badger our government (yet another one of these mega-organizations) to protect us . . .
It doesn't matter whether its government, a bank, the cable company, or whatever else it is, the farther away the decision makers are from those whose lives are affected by their decisions, the less humane they become.

mpolli · #12 06-05-2011, 01:08 PM

Wells Fargo is just as bad. Pure scum.

MS Fowler · #13 06-05-2011, 02:08 PM

My wife and I had been loyal MBNA customers going back to our wedding and first checking account in 1971--it was a local, Baltimore Bank at that time. After MBNA took over, our local branch was still good. The point of departure for us came after the bank mis-directed one of our mortgage payments. We have NEVER been late on ANY payment. We got a nasty letter from some hot-shot account exec in Buffalo who demanded we pay up immediately. Our local branch informed the main office that it was the main office's error; we were not delinquent. I wrote a letter to the same hot-shot who demanded that we pay up, asking for a letter of apology.
He did not.
We moved to a local bank for all our accounts.

dlssmith · #14 06-06-2011, 02:44 PM

I have been with my local community, family owned bank for over 30 years. I know the head cashier - we go to the same church, I can cash any check there, and always have been dealt with fairly. If I need a loan, I can get an equity loan on the house - which is already set up. This bank is almost unique in the world today. Too bad too. When I was a kid there were lots of smaller banks that did business like real people now consumer banking is dominated by the four or five companies already mentioned in the thread. You are a number. might as well have it tatooed on your arm is the attitude you get from those bastards.

Hatterasguy · #15 06-06-2011, 03:44 PM

Great, I hope more people pull this!

I hate all these big banks, I refuse to do business with them, they are all sleazy scum. I just wish we let them go bankrupt when we had the chance.

IMHO Bank of America and Chase are the worst. I had a CC with Chase and they pulled that interest rate jacking thing for no reason. I told them they could go stuff the card and that's the last dealing I have had with them. For months they kept mailing me these checks to try to get my to take a $5k line with them, they just finally stopped.

I only deal with my local bank and a credit union, I finance my business through all private money. I hate banks and will only deal with one as a last resort.