Written By John Wright
Sunday, October 03, 2010-Paul Baily lives in Frisco Texas. He is going through the same modification hell that we are all going through, while being abused by Bank of America’s potentially irregular, fraudulent and simply abusive home loan modification program.
Mr. Bailey stated, “The Home Loan Modification Loan Counselors that are working within Bank of America’s Office of the President have been telling customers that Bank of America has exhausted all efforts to complete their modifications.” Even though Mr. Bailey has been told that his loan mod met all the government’s guidelines, he was later told that he did not qualify for HAMP. Now if he lived in California he might qualify for HEMP, but he probably would still not qualify for HAMP. Which incidentally, if they would have given us HEMP for our HAMP, we all might not be feeling so anxious right now, but maybe just a little hungry instead.
Paul Bailey’s problem seems to have started with what he described as being the inefficiency of Bank of America’s staff. Bailey said that Bank of America did not properly implement the HAMP process, because of the obviously ill qualified employees that Bank of America assigned to the loan modification department. Those were Paul’s words by the way. I just get right to the point and call them teenage, gum smacking, loan modification denying, Top Gun singing Jerks!
Didn’t it almost appear as if they were laughing at all of us? Well, they might have been laughing all the way to the bank, but look who is laughing now!
Paul Bailey said that Bank of America has just recently gone on record with finally admitting that they have dropped the ball several times, while on the other hand telling Bailey that he failed to give all the supporting documents they needed, even though Bailey inquired about the need of documents numerous times during Bank of America’s bullshit trial period.
Tag! Your it Fannie & Freddie! That’s right! Paul Bailey said that, after all this time that had went by, now Bank of Bullshitting America now blames Fannie & Freddie for their potentially irregular, fraudulent and simply abusive home loan modification process, in which Bailey now believes he is the perfect example of how Bank of America is now attempting to cover-up their inadequacies.
Once again, Paul Bailey was told that his loan modification issues had been elevated to the Office of the President, for the fourth time! This time it was after having his loan reviewed by an internal Bank of America Denial Appeals Consultant. It almost sounds like when I described another BofA employee as being a “Waste Management Sludge Controller.” In other words, he shovels shit for a living. Paul Bailey said his name was Gary and that he spent nearly an hour reviewing and completed his analysis, but concluded that not only does Mr. Bailey’s file reflect that he should have been provided a permanent loan modification, but he also concluded that Mr. Bailey’s file had an extensive amount of documentation supporting Bailey’s claim, and that it is was clear that the permanent loan modification process should have already been concluded. Bailey said that Gary went on to tell him that he was going to send his file back to the Office of the President, with Gary’s findings, which was that Bailey’s loan modification should have been made permanent already. Needless to say, Paul Bailey ended up back at the Office of the President, and had a brief conversation with the very rude Bank of Bullshitting America’s Ms.Terry Barragan. Bailey had another name for her, but it might not be appropriate unless he says it to her directly. At any rate, Bailey said that Ms. Barragan would end up crushing his hopes again. This was because Ms. Barragan explained that regardless of whatever the previous person had said to Bailey, Fannie & Freddie (The Govt.) owns his loan and denied Mr. Bailey’s modification. Therefore, there were very few other options for Paul Bailey, while there was nearly an additional $25,000.00 added to his previous loan balance. He said that Ms. Barragan seemed quite animate and absolute in her representation of Bank of America’s position as a servicer. She told Paul Bailey that if he had a complaint, he needed to take his complaint to Fannie & Freddie (The Govt.).
By this time Paul Bailey was rightfully upset. This was because, like all of us, Paul had been told by Bank of Bullshitting America that this time it was because of incomplete paper work, or a variety of bullshit reasons, such as trying to implement post-revised guidelines in loan processes that have long since expired when such revisions were implemented. As if he was not upset enough, Ms. Barragan would add insult to injury, while telling Bailey to GET OVER IT, and that the investor Fannie & Freddie was the one who denied his modification. Paul Bailey said that she said to him that she did not care, regardless of what is right or wrong, he had only three options, which none of them is a modification.
Does anyone here not believe that Paul Bailey was told that his loan modification was approved in April of 2010? Maybe my own experience can help you decide because I was also told that I was approved, but then told that I was not approved. I wish now that I had recorded them saying it to me. Oh that’s right! I did!
His name is Paul Bailey and HE IS FIGHTING BACK!
Paul Bailey has written his Senator:
Attn. John Kriske
961 Federal Building
300 East 8th Street
Austin, Texas 78701
June 30th, 2011
I am writing you today, one day before Bank of America is to “transfer my loan” to their parent company and accompanying another letter that outlines numerous requests concerning my my home loan. The letter address several items that have been the core issue of an ongoing class action suit against Bank of America. Perhaps no fact is more egregious than the fact that they have only been able to supply me a “photo copy” of my loan document and other related documents, but have instead replaced the original one with one that has an obvious “robo signing” and/or false signature that appears on them, [supposedly representing my own signature]. I have sent your office copies earlier concerning this issue and others, but have not as yet heard back.
All in all over a year has gone by and I have still not received a single concrete determination from your office nor any of the offices that you have forwarded the information to that leads me to believe any viable solution as to my obtaining a permanent loan modification on my home is forth coming. I find that thought not only disturbing but extremely unfair and even unjust. It is something that should have been resolved many months ago and I find no reason other than the fact that the U.S. Government and it’s elected officials as well as appointed representative of official agencies are inept in their responsibility and/or powerless in order to correct the egregious circumstance that Bank of America feels confident that they can get away with unchecked.
Simply stated the past year has been no more and no less than one event after another of Bank of America and their representative taking me, yourself and all other pertinent parties on a “twisted fraudulent cover-up” merry-go-round ride in their attempt to steal my home and nearly $100,000.00 of equity in May of 2010 in a illegally posted foreclosure sale previous to the Memorial Day holiday in 2010. This attempted “twisted fraud cover up” has now been allow to progress to such a level that it has nearly eroded the entire amount of equity that I had a year ago!
Combined with the economic down turn’s influence on home values and the ongoing and unfair accumulation of unfair and unjustifiable accrued interest and penalties, what I could have salvaged and could have invested in either another home as perhaps payment in full, or in an interest bearing investment to secure my future has literally been stolen from me ! Such is the circumstances at this point that the memory of my having had the ability of selling my home BEFORE BANK OF AMERICA ENCOURAGED ME TO SEEK A LOAN MODIFICATION INSTEAD OF SELLING MY HOME ….is simply to painful to reflect on. Why has your office and the other related agencies permitted Bank of America to continue down this path of extortion ! Is there something that I or other tax payers should know about these things ??
I do not know how much clearer I can make the fact that Bank of America in all of it’s past reviews, responses and twisted attempts to justify their fraudulent attempt to steal my home have been negated of actual facts and or their addressing the real issues AS TO THE LOAN MODIFICATION I DID GO THROUGH FROM FEBUARY UNTIL AUGUST OF 2010 [THAT IS SEVEN PAYMENTS MADE TIMELY] !
As you know they have continual only addressed actions and/or circumstances that transpired afterward and have attempted to utilize rules and/or regulations of the Making Home Affordable Program that were not effective at the time I completed the process and therefore relevant only after I had completed the process timely and in accordance to all the regulations. Should your office, any other agency including Fannie Mae, or the OCC find otherwise I will simply walk away from my home and hand them the keys !
Is that clear enough ? I only ask for due process as it pertains to the laws of The United States of America ! They are still effective I assume.
My latest request and actions reflect only my sincere concern to assure that all legal issues are addressed and documented “properly” in accordance to real estate and property laws. Their response will assuredly only fetter out more inaccuracies and further validate my position I am certain.
However I would far rather have the permanent loan modification that has been duly earned put in place. Should that be possible in short order I will assuredly retract my requests as outlined in the accompanying document. If not, let the battle begin.
Paul Clarenc Bailey