Balancing the Scales of Justice for Pro Se Homeowners

Bank of America ….the bank that lies built

Posted by on Jun 14, 2013

Surely this little tune being “whistled” by Bank of America employees is familiar, if not tiresome.  Surely this not a surprise to anyone?  According to the article, published by by Yahoo Finance details how Bank of America “lied” to homeowners (a bank lie?) and “blitzed” modification applications to clear out backlogs so Bank of America could submit more lies to the government.   See Former Bank of America workers allege it lied to home owners

According to this article, six Bank of America employees have submitted affidavits, detailing how the Bank denied homeowners modifications and instead rewarded employees for pushing homeowners into foreclosure. A few excerpts:

For example, an employee who placed 10 or more accounts into foreclosure a month could get a $500 bonus. At the same time, the bank punished those who did not make the numbers or objected to its tactics with discipline, including firing.

The court documents paint a picture of customer service operations where managers roamed the floor with headsets, able to listen into any call without warning. Service representatives were told to lie to homeowners, telling them their paperwork and payments had not been received, when in reality they had.

The former employees said they were told to falsify electronic records and string homeowners along in foreclosure as long as possible. The problem was exacerbated because the bank did not have enough employees handling modifications, adding to the  backlog of cases purged during the “blitz” operations.

As pleased as I am to hear that more and more honest American’s working for these vile institutions are starting to talk, I am disgusted that there is not more outrage and that each of us, individually, still must fight the judicial bias that gives any presumption of honesty or credibility to national banks.  While Bank of America victims can hopefully gather some hope from this revelation, we all know this is a standard operational procedure of organizations like Wells Fargo, N.A., JP Morgan Chase, Ally Bank/GMAC, as well as the smaller players like Ocwen, Greentree, Suntrust, etc.

Following are several different reports – I am looking for the actual case these affidavits were filed in and to see if I can get the affidavits.  If I do, will send this on to each of you so you can forward them out to anyone and everyone who has an invested interested in shoving this garbage right into Bank of America’s face and pocketbook.

ProPublica:  Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say

Business Insider: Former Workers Allege Bank Of America Lied To Home Owners And Rewarded Employees Who Foreclosed On Homes

More to come….



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