my membership on here is no more
ST PETERSBURG —
Citing complaints about Bank of America’s performance in the wake of the housing crisis, city Councilman Steve Kornell wants the city to stop doing business with the bank.
The city, which has a nearly $475 million operating budget, banks with and uses credit cards issued by Bank of America, and one of its contracts with the bank is up at the end of April. Before the council votes to renew it, Kornell wants to consider taking the city’s business elsewhere. Among his reasons are residents’ complaints about the bank’s failure to comply with provisions of a 2012 foreclosure settlement.
"The city shouldn’t do business with banks that are actively contributing to our foreclosure crisis," Kornell said.
"Let’s not reward people who are violating the settlement," Kornell said.
Many of the complaints concern dual tracking, which happens when a bank forecloses on a property despite a customer’s attempts at loan modification. Customers are also complaining about having to deal with multiple people when they call the bank, rather than dealing with a single point of contact.
The 2012 settlement between Bank of America, four other major mortgage lenders, 49 state attorneys general and the federal government was supposed to correct those issues. It also set expectations for the level of consumer service the banks are supposed to provide.
The settlement required the banks — Bank of America, Ally/GMAC, CITI, JPMorgan Chase and Wells Fargo — to pay a total of $25 billion to federal and state governments as well as to borrowers.
The banks’ dealing with current cases has caught the eye of the man who serves as the watchdog on their compliance.
"As I travel around the nation to meet with consumers and advocates who work on their behalf, I continue to hear complaints about compliance with the settlement by each of the five banks," said an email from Joe Smith, who was appointed to monitor the national mortgage settlement.
Not everyone agrees, though. Deborah Scanlan, director of St. Petersburg’s Neighborhood Home Solutions, a nonprofit that advocates on behalf of consumers in foreclosure, said since the settlement, compliance doesn’t appear to be an issue. “We are seeing a single point of contact, and that decreases dual tracking,” she said.
Bank of America representatives couldn’t be reached for comment.
Kornell’s proposal isn’t the first of its kind. It’s a road that cities such as Austin, Texas, Portland, Ore., and Kansas City, Mo., have already traversed.
The idea was initially pushed by progressives and the Occupy movement as a means of punishing banks that engage in predatory lending practices.
But the move to divest has become a pocketbook issue for some cities, including St. Petersburg.
"We spend more than $600,000 a year" maintaining foreclosed properties that have been abandoned, said St. Petersburg City Council Chairman Karl Nurse. "Cutting lawns, boarding up houses and continuing to reboard them."
The city also tries to prevent foreclosures through counseling and workshops, and it plans to launch a registry for the city’s 5,000 homes currently undergoing the process.
There appeared to be support among city council members during a preliminary discussion Thursday for exploring potential divestment, Nurse said. The council is expected to discuss it Thursday and may schedule a workshop on the matter.
"I’m going to try to delay awarding the contract until there’s a workshop," Kornell said.
Although it may be true that banks are not fully complying with the terms of the settlement, there’s really no way to know, said Ben Hillard, a foreclosure lawyer from Largo.
The $8 billion slated for the state won’t cover all of its eligible cases, so the banks will likely comply with some borrowers more than others, especially borrowers whose challenges are likely to make the bank rack up excessive legal fees.
"If I’m the bank, I’m going to try to comply with the settlement so I don’t get dinged any further," Hillard said.
Banks aren’t likely to suffer from a community’s divestment, though, Hillard said. “The banks are so huge. That’s probably meaningless to them.”
The kind of Great service that Bank of America offers .
I received an email in regards to my complaint , with a commit number , and another email telling me that they are too incompetent to handle such a matter .
MORE GAMES BEING PLAYED by BANK of AMERICA … .
It seems that they are not happy with us taking most of our money out of the account , and stopping an automatic deposit to the account ; leaving little more than $ 11. 00 in the account , so what do they do next … .
THEY WANT THAT $11 . 00 plus for themselves before I take that too , and they think they are going to get a little bit more along with it also .
Now How do they go about this . .. fraudulently making a so called electronic check debit on the account to make a payment to another part of the financial institution . … the credit card department .
PHOTO # 1 The bank has fraudulently made an entry in their books to reflect my Mom or I having called in a payment to the Credit card department . PHOTO # 2 shows the last check written by my Mom .
PHOTO # 3 Is a documentation of a request that I made at one of the local branches to CLOSE THE ACCOUNT , they do not have any one at the bank qualified to handle such a request , so they wanted to put me on the telephone with somebody , I told them I could have talked to somebody on the phone from home , I came to the Bank to deal with somebody in person ; a more professional business like way of doing business , BUT IT IS THEIR DESIRE TO DEAL WITH ME IN A LESS PROFESSIONAL WAY . So I made a request that they document my request to close the account ; they can do this in a number of ways , they could have sent a fax to one of the Headquarter dept , but at this branch they sent an email to the Headquarters , and gave me a confirmation commit # of this ; at least that is what they led me to believe , I did see what appeared to be the request emailed that was sent and corresponded to this number .
PHOTO #4 Is the letter cancelling the last automatic deposit that was still being made to my Mom’s checking account with BANK of AMERICA … if my Mom had not cancelled this , the bank would have taken money from this to pay for their … . CRIMINAL ADDICTION .
HOW TO FILE A CLASS ACTION LAWSUIT
~ AGAINST YOUR BANK ~
The problems in the Banking industry are very real and have been
… .… DEVASTATING … . . to too many people for too long .
It isn’t just you , but the Bank would like to make you think that .
YOU ARE NOT AT ALL ALONE IN THIS STRUGGLE
Tens of thousands of others are having the same problems.
Large corporations / Banks and the like have literally been getting away with murder , stealing from their customers in broad daylight , while our government just looks the other way ; what many businesses are doing is nothing less than CRIMINAL , it’s not just the Banks , but when it comes to a business that is able to throw a man and his family out of their Home and onto the street ; WE HAVE A VERY SERIOUS PROBLEM especially when it is that very often these same people have been lining the pockets of the one’s throwing them out onto the street .
WHAT KIND OF SOCIETY HAVE WE BECOME : (
So many find it all too convenient to just not pay much attention to the matter thinking that it was most likely the fault of the person losing their home , and that’s just the way life is … . is such true
[ OR IS IT, MORE LIKE THE WAY WE ARE MAKING IT TO BE ]
PLEASE CONSIDER LUKE ch . 13 please read also verse 8 and 9 not shown
~ ~ ~ WE ALL NEED TO WAKE UP ~ ~ ~
How is it our Government can be so delinquent in this matter , because so many in our government have been unduly $ influenced $ in $ one $ way $ or another ; because most of the time people just don’t work together in taking on some of these serious issues that confront us ; but the evil empires are, and have been actively conspiring every which way they can to drain every dollar they can from as many of the people as possible .
… GOD CALLS A RICH CAPITALIST … ” A FOOL ” LUKE ch 12
BANK OF AMERICA just may be one of the very worst of the large Corporation culprits of our time .
Occupy Wall Street is right on the money in calling attention to this problem . The people active with this , have a just cause , even which is spoken of in scripture at Deuteronomy ch. 15 , Job ch. 31, Amos ch. 8, and James ch. 2
Top to Bottom AMOS … JAMES … JOB … DEUTERONOMY just click on photo to read .
and much more of what is written in scripture gives support to the core issue of this movement .
THE DEMONSTRATIONS WE SEE SERVE A GOOD PURPOSE
There are though other things that need to be done , people with more specific similar problems need to ban together , and appropriately target the culprits with lawsuits of every sort . It’s a matter of getting rightful justice, and making one think twice about the way they do business . ECCLESIASTES 3:13
YOU CANNOT DO THIS BY YOURSELF, only by working together can we make a real difference , and make some these companies pay appropriate penalties , we have to have a strong organized group in order to appropriately hire a Law firm that will actually do the work that needs to be done , and not sell out the individual ; which all too often is what is done ; accomplishing really nothing accept lining the pockets of more attorneys .
WE NEED TO TAKE ACTION NOW
William Draper 941 – 928 – 6484 please call me ,
and you will see that this is for real .
THIS IS A FLYER THAT I AM WORKING ON , THAT I’M SURE COULD USE SOME PROFESSIONAL EDITING ; FEEL FREE TO USE , AND COULD USE HELP TO REALLY MAKE THIS BETTER .
I DO NOT FIND ANY ACCOUNTING LOSSES
FOR JANUARY, FEBRUARY, or MARCH
~ APRIL 2011 ~
line 3 3/16/2011 REGULAR PAYMENT $ 474. 02 ———-
line 11 05/09/2011 PAYMENT REVERSAL — 522.70 ———-
line 6 5/10/2011 REGULAR PAYMENT 474.02 ————-
LOSS FOR APRIL IS — $ 48.68
~ MAY 2011 ~
line 5 03/28/2011 REGULAR PAYMENT $ 522. 70 ————-
line 9 05/09/2011 PAYMENT REVERSAL — 508. 95 ——— (+13. 75 )
line 7 05/10/2011
REGULAR PAYMENT 474.02 + (13.75 ) = (487.77) —————
line 8 05/10/2011
MSC POSTING $ 1369. 18 ——]] OFF PRINCIPLE BALANCE
FOR THE MONTH OF MAY THERE IS
A LOSS ON THE ACTUAL PAYMENT MADE OF $ — 34. 93
but we have this misc posting of + $1369.18 to go against total losses so far of $ —2386.50
THIS LEAVES A TOTAL LOSS UP TO THIS POINT OF $ — 1017. 32
~ JUNE 2011 ~
line 7 04/25/2011 REGULAR PAYMENT 508. 95 ———-
line 12 06/02/2011 REGULAR PAYMENT 508. 95 ———-
The Month of ~ June ~ gives me a surplus of $ + 508. 95
~ JULY ~ Just one payment shown ( ok ) for this part of review
~ AUGUST ~ Just one payment shown ( ok ) for this part of review
~ SEPTEMBER ~ Just one payment shown ( ok ) for this part of review
~ OCTOBER ~ Just one payment shown ( ok ) for this part of review
~ NOVEMBER ~ Just one payment shown ( ok ) for this part of review
~ DECEMBER ~ Just one payment shown ( ok ) for this part of review
END RESULT FOR THIS PART OF THE REVIEW ( there are other factors that have to be looked at also ) , FOR 2010 and 2011
IS A LOSS
of $ — 508. 37 [ Look back to June 2010 for the major source of
this loss page 8(10) lines 7,8,9, and 10 ]
This of course does not include losses from forced insurance and losses due to having to do this work for them ; and with this kind of loss on the first bit that I have really checked over well , makes me wonder what I have missed over the years .
Now on top of this Loss also is that loss of more than $ 21,000 on interest charges that we have paid so far ; of course this is in just about every Home loan , and we expect a Bank to be satisfied with such ; and handle the Home Loans and the people that are paying them with a little bit more respect .
Other possible losses might be incurred from the Payment Reversal Transactions , where the payment was taken away for 1 day , therefore more interest charges would be incurred ? There are 12 P.R . at about $5.00 or $6.00 a day or $60.00 to $72.00 additional loss ?
Now we multiply these kind of losses by 500,000 customers or more, and we see how some people are getting very large $ MILLION DOLLAR $ paychecks : ( IAMSOSAD
During this time we were making reduced payments of $ 389. 35 / 390. , these payments were put into an account called UNAPPLIED TOTAL , from which the Mortgage payments were taken out of after a certain amount of accumulation … $ 557. 70 or 565. 17 . One large check though was paid to make up any difference here . Much of what is below are fabricated numbers , which appear to be in an attempt to hide what our real monthly payments were and hide losses built into the account .
~ JULY 2010 ~ so far I have found a LOSS of $ — 297. 21 *
* that is, excluding excessive forced insurance costs
page 3(5) line 10
08/30/ 2010 REGULAR PAYMENT $557. 70 ————-
line 12 08/30/2010 MSC POSTING 389.35 > > >
page 4(6) line 1
10/12/2010 HAZARD INSURANCE — $753.80 (escrow) ( ( A RETROACTIVE INSURANCE POLICY ) ) ?
* * * THE BANK PURCHASES INSURANCE IN OCTOBER THAT BEGAN SOMETIME IN JULY ….. that’s PRIOR TO THE TIME OF PURCHASE ? * * *
10/20/2010 MORE HAZARD INSURANCE — $977.00 (escrow) ( ( A RETROACTIVE INSURANCE POLICY ) ) ?
Yes I think the bank canceled some of this insurance , but we have to work so hard to get them to do the right thing , and returning only a portion of what they are at fault for loosing on our account… J U S T I S N ‘T R I G H T !
10/29/2010 MSC POSTING 389 .35 > > >
11/01/2010 MSC POSTING —565.17 > > > for August payment (ok)
05/09/2011 PAYMENT REVERSAL — 565.17 * ———-
* that’s $7. 47 more being subtracted than the actual payment . we see this $ 7.47 added back to the account in line 5 under UNAPLLIED TOTAL , but for some reason subtracted in line 4 under the Escrow column, so that still leaves a shortage of $ 7. 47 for this one transaction .
05/09/2011 MSC POSTING 565.17 . > > >
05/09/2011 MSC POSTING — 389. 35 > » artificial numbers
05/09/2011 MSC POSTING — 389.35 > > > artificial numbers
05/10/2011 altered REGULAR PAYMENT * 474.02 —————
Here we see — $ 778. 70 just arbitrarily taken out of the UNAPPLIED TOTAL column , and + 565.17 ( line 2) added to it , for a LOSS of $ — 213.53 we also have a LOSS from the difference between the original regular payment and the lower REGULAR PAYMENT , LOSS of —83. 68 .
TOTAL LOSS FOR JULY excluding forced insurance $ — 297. 21
~ AUGUST 2010 ~ shows a total loss of $ - 480. 50 UNAPPLIED TOTALS
$ 00. 00
line 7 11/01/2010 REGULAR PAYMENT $565. 17 ————-
line 11 11/29/2010
MSC POSTING 389. 35* »> U. T. 595.41 * this 389. 35 is a real actual number (payment)
line 13 05/09/2011
PAYMENT REVERSAL — 567.17 ———- artificial number
line 14 05/09/2011
MSC POSTING — 389.35 »> artificial number
line 12 05/10/2011
REGULAR PAYMENT * 474. 02 ———-
* 474.02 is an artificial payment .
The actual regular payment was $ 567. 17 , but now shown to be $474 .02 , through the use of completely artifically derived numbers . This would be a loss on the account of $ - 91. 15 .
~ SEPTEMBER (09) 2010 ~
line 12 12/03/2010 REGULAR PAYMENT $565.17 ————-
line 13 12/03/2010 MSC POSTING —565.17 > > > (OK)
line 2 12/30/2010 MSC POSTING 390.00 > > > REAL NUMBERS
line 5 01/31/2011 MSC POSTING 389.35 > > >REAL NUMBERS
line 8 05/09/2011 PAYMENT REVERSAL — 565.17 > > >
line 9 05/09/2011 MSC POSTING — 389.35 > > >
line 10 05/09/2011 MSC POETING — 389.35 > > >
TOTAL LOSS FOR THIS MONTH SO FAR IS — 1343. 87
line 12 05/09/2011 MSC POSTING + 565. 17 > > >
line 13 05/10/2011 REGULAR PAYMENT 474. 02 ————
END RESULT FOR SEPTEMBER — 1343.87 + 565.17 = —778. 70 + 474.02 =
IS A LOSS — $ 304 .68
~ OCTOBER 2010 ~ starts on page 5(7)
line 6 02/08/2011 REGULAR PAYMENT $ 565. 17 ————— REAL NUMBER
line 6 shows how the $565.17 is applied to Principle , Interest ,and Escrow
line 7 02/08/2011 MSC POSTING — 565.17 > > >
line 7 shows where the $565.17 is taken from to
make this payment…… UNAPPLIED TOTAL
line 9 03/01/2011 MSC POSTING 389. 35 REAL NUMBER
page 7 (9)
line 5 05/09/2011 PAYMENT REVERSAL $ — 565. 17 —————
line 6 05/09/2011 MSC POSTING — 389.35 > > >
line 7 05/09/2011 MSC POSTING 565. 17 > > >
line 14 05/10/2011 REGULAR PAYMENT (ALTERED) 474. 02 ————
LOSSES BUILT INTO OCTOBER include —389.35 and the difference between the original regular payment and the altered REGULAR PAYMENT which is —91.15
TOTAL LOSS FOUND IN ACCOUNT FOR OCTOBER IS $ — 480. 50
~ NOVEMBER 2010 ~ page 5(7)
line 10 REGULAR PAYMENT $ 565. 17 * —————-
* ACTUAL CHECK WAS FOR $ 2643 . 55 the bank shows it as 5 different payments
line 4 PAYMENT REVERSAL* — 565.17 ————
* a play with numbers
line 1 REGULAR PAYMENT 474.02 ————
FOR THE MONTH OF NOVEMBER A TOTAL LOSS OF — $91.15
~ DECEMBER 2010 ~
line 11 REGULAR PAYMENT $ 565. 17 * —————-
* ACTUAL CHECK WAS FOR $ 2643 . 55 the bank shows it as 5 different payments
line 3 PAYMENT REVERSAL* — 565.17 ————
line 2 REGULAR PAYMENT 474.02 ————
FOR THE MONTH OF DECEMBER A TOTAL LOSS OF — $91.15
I will omit the mundane entries and focus on just those that are the most critical , and difficult to explain or possibly fraudulent entries .
01/08/2010 Regular Payment $ 515. 59 ——————
NO OTHER IMPORTANT POSTINGS
02/08/2010 Regular Payment 792. 36 —————-
02/17/2010 Subsidence Ins. -1,603
* * * FORCED INSURANCE POLICY * * *
03/22/ 2010 Subsidence Ins Credit + 1,455
The Bank creates a loss on our account of LOSS - $148.00
line 6 3/08/2010 REGULAR PAYMENT $ 648. 06 ——————
line 9 3/30/2010 MISC POSTING (modified payments ) 389. 35
line 11 4/28/2010 MISC POSTING (modified payments ) 389.35
line 13 04/29/2010 REGULAR PAYMENT $ 577. 34 —————-
line 14 04/29/2010 MSC POSTING 70. 72
line 15 o5/10/2010 add Insurance * * FORCED * * - 52.85
line 1 05/12/2010 add Insurance * * FORCED * * - 52.85
line 3 06/01/2010 MSC POSTING $ 389. 35
line 4 06/02/2010 MSC POSTING credit on Insurance 52. 85
line 5 06/30/2010 MSC POSTING - 52. 85*
* RETRACTION OF CREDIT
line 7 06/30/2010 MSC POSTING $ 389.35
$ 909. 34
line 8 07/01/2010 MSC POSTING - 565. 17 *
* monies taken out FOR MAY PAYMENT (ok)
+ 344. 17
ADDITIONAL * * * FORCED INSURANCE * * * over and above that which is really required by law to have . and received a letter stating that they would NOT require such , yet they still force the insurance . Letter is shown below .
BANK CREATES ANOTHER * LOSS * ON THE ACCOUNT OF - $ 105. 70
line 9 07/01/2010 REGULAR PAYMENT $ 565. 17 —————
line 12 07/30/2010 flood insurance credit 186. 38 (escrow)
line 13 07/30/2010 * * FORCED FLOOD INSURANCE * * - $ 172.46 (escrow)
BANK CREATES MORE LOSS ON ACCOUNT FOR FLOOD INSURANCE NOT WANTED OR NEEDED AND BY A LETTER FROM THEM , WAS NOT REQUIRED …
line 14 07/30/2010 MSC POSTING $ 389. 35 $ 733.52
line 1 08/01/2010 MSC POSTING - 565. 17 $ 168.35
page 3 (5) UNAPPLIED TOTAL
(payments of 389.35 accumulated to the amount of $733.52) + 733.52
08/02/2010 UNAPPLIED TOTAL
This begins with a grab of $565.17 from [MAY (PMT/MO)]* - 565.17 * who knows why, probably meant to confuse .
08/02/2010 REGULAR PAYMENT OF $565. 17 —————-
08/03/2010 lines 3,4,5,6 late charges this and that (insignificant) , BECAUSE OUR PAYMENTS WERE REDUCED THEY ARE NOW CONSIDERED LATE
08/27/2010 MSC POST 389.35 This is the amount of my Mom’s reduced payments; not applied towards a payment but like a holding tank of cash called
+ 389. 35
08/30/2010 MSC POST -557. 70 UNAPPLIED TOTAL
- 557. 70
This is $ 557.70 taken out to go towards September’s payment 00
SO FAR THIS LEAVES ME WITH + $ 557. 70 for SEPTEMBER PAYMENT
Now we go to page 8 (10)
We see hear a Payment Reversal ? ? this may be because they were wanting to show our payments less than what they actually were in order to disqualify my Mom from being approved for the Loan Modification program .
PAYMENT REVERSAL - 557. 70 ———————-
This in effect would cancel out our previous payment and change it to $ 7.47 instead of the $565.17 which it actually was .
MISC POST + 557. 70 ? UNAPPLIED TOTAL
+ 557. 70
MISC POST + 6025. 70 ? + 6025.70
MISC POST - 6583. 40 ? - 6583.40
THE END RESULT
THERE is a `Loss $ - 557.70 from the Payment Reversal Transaction, so this will have to be searched for somewhere else possibly in this mess .
I do not see any way that this could correlate to the $ 557.70 from the previous year as that figure is a real number debited from real cash accumulated under U.A.