Bank pf America gets trillion-dollar welfare, fires 13,500 employees, forecloses on homes after loan paid off by piratenews

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Bank pf America gets trillion-dollar welfare, fires 13,500 employees, forecloses on homes after loan paid off

POSTED BY: PIRATENEWS
UPDATED: Tuesday, August 23, 2011 19:34
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Monday, August 22, 2011 7:59 AM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

Woman, 70, and terminally ill husband face losing their home for paying the mortgage too early

20th August 2011

A 70-year-old woman and her terminally ill husband face losing their home because she paid her mortgage a week early.

Sharon Bullington, of New Port Richey, Florida, says that Bank of America has filed to foreclose on her and husband, James, 78.

Mrs Bullington said: 'It's like death to me. My husband is bedridden. It's almost more than I can bear.'

The couple moved to Florida 15 years ago after Mr Bullington retired from General Motors in Flint, Michigan.

Their home is now valued at $133,464, though they owe about $177,000.

When James became ill, the couple encountered financial difficulties because of high medical bills.

The couple asked Bank of America to modify the loan.

The bank told the couple they would have to first officially default on their $1,400-a-month payment.

The Bullingtons did that and entered into the modification plan, which reduced their payment to $916.

Mrs Bullington made the January payment on December 23, and the bank accepted the money, according to court records.

The next month, she made the February payment over the phone.

Weeks later, the money had not been withdrawn from her bank account.

After Bullington asked the bank about it, a representative told her she had punched in the wrong routing number.

In March, the bank kicked the couple out of the modification plan.

Mrs Bullington pleaded for help in a June letter to Bank of America president Brian Moynihan and U.S. Rep. Gus Bilirakis.

One of Mr Moynihan's aides, Ana Olivera, told Mrs Bullington the foreclosure could not be stopped, Tampabay.com reports.

She wrote in a two-page letter that the payment due on Jan. 1, 2011, had been made in December.

'In accordance with the Trial Payment Letter dated December 15, 2010, it indicates that if you are not able to make each payment in the month in which it is due, you will not be eligible for a modification under the Home Affordable Modification Program,' the letter said.

Miss Olivera told Bullington she could avoid a foreclosure by selling the home in a short sale or by signing it over to the bank.

The letter said the bank values Bullington's business and strives to provide exceptional customer service.

'I understand that you may be disappointed with our final resolution and appreciate the opportunity to clarify this matter,' Miss Olivera wrote.

'While this may not be the response you were hoping for, I trust I have addressed your concerns.'

The Bullingtons' lawyer, Shawn Yesner, said the case makes no sense because his clients did what the bank told them to do.

In ten years as a lawyer, he said, he has never seen such an outrageous letter.

'I couldn't believe they would put that in writing,' he said.

'I had to read the letter three or four times. Bank of America is putting her in a depressed state. She has never been behind on anything.'

The bank says it is now going to review the Bullingtons' case.

As thousands of property owners across the U.S. battle foreclosure, defense attorneys have accused lenders of bogging down the courts with an unwillingness to negotiate with people on their mortgages, often by simply refusing to make decisions.

Mrs Bullington, who has no children or siblings, said she is the sole caregiver for her ill husband, who cannot move from the home in his condition.

She said she has repeatedly contacted the bank, but nobody will talk to her.

Mrs Bullington said: 'I just don't understand why they're doing this. It looks like they're out to get us.'

http://www.dailymail.co.uk/news/article-2028281/Woman-70-faces-losing-
home-paying-mortgage-early.html

Quote:
Bank of America Corp. is slashing 3,500 jobs companywide and could cut thousands more as it seeks to reduce costs and return to profitability. The Wall Street Journal broke the story, citing an internal memo the bank's CEO, Brian Moynihan, had sent to his management team. The cuts will happen across the company and employees have already begun receiving notifications. Both the Journal and The New York Times are reporting up to 10,000 additional layoffs are possible in future quarters as BofA trims even more expenses to make up for lost revenue.
http://www.bizjournals.com/jacksonville/news/2011/08/22/bofa-eliminati
ng-3500-jobs-reports.html

Money Still Owed In Federal Bailout: $1.5 Trillion Still Owed to "Treasury", Foreign "Federal" Reserve Bank
http://www.commondreams.org/newswire/2011/08/03

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Tuesday, August 23, 2011 1:32 PM

RIONAEIRE

Beir bua agus beannacht

Uh Oh.

"A completely coherant River means writers don't deliver" KatTaya

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Tuesday, August 23, 2011 7:13 PM

FREMDFIRMA

Citibank/Citigroup is even worse.

You know they been kicked out of parts of Japan for shit that pissed off even them, which is kinda hard to do even on purpose if you know much about their financial industry, and even the Chinese despise them and see them as rapacious and corrupt, in fact they executed one of em a while back over that kind of thing...

But this, this takes the cake.
Scandals tarnish Citibank’s image in Indonesia
http://www.washingtonpost.com/world/asia-pacific/in-indonesia-scandals
-tarnish-citibank/2011/07/14/gIQAoHJrJJ_story.html

Quote:
The 50-year-old businessman, invited to a Citibank office in Jakarta in late March, collapsed in a tiny room set aside by the U.S. bank for questioning of deadbeat debtors. He died shortly afterward — a casualty of a “harsh interrogation,” said Jakarta police spokesman Baharudin Djafar.

And let's not even talk about the various tricks THEY use to force defaults, which they've been playing non-stop on my ex ever since Flagstaff went and sold the mortgage to Citigroup DESPITE a provision in the original contract forbidding them to do so and constituting invalidation of the whole..
Yeah, my doing - only to find out after the fact that it would cost MORE to try to enforce that provision than to pay the loan off entire, grrrr

You watch, shit keeps up, sooner or later some american is gonna get all carbomb or killdozer about it, and repeat Mario Buda's performance, just a matter of time, that.

-Frem

I do not serve the Blind God.

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Tuesday, August 23, 2011 7:34 PM

DREAMTROVE

On the lighter side

http://abcnews.go.com/Business/bank-america-florida-foreclosed-angry-h
omeowner-bofa/story?id=13775638

For those who missed it, Bank of America foreclosed on a home that had no mortgage, and the couple turned around and foreclosed on Bank of America.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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