Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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On2U
Oh yes, same old game with a new twist!

Bank of America has been sending each of it's customers hundreds of ads to lure them to call about getting their mortgage payments reduced.  When the unsuspecting customer calls, they give them a teaser rate that just amounts to a hundred or two dollars off. 

Even when it isn't accepted by John Q. Customer, he will then see all of his credit card limits getting slashed within a few days.  BOA will also automatically impliment a forced place insurance policy that will amount to over $1,000 per month!

When the customer calls to complain, they are given the response "well we see you as a risk since you called to inquire on having your payment lowered...you must be in financial trouble or you wouldn't have called"

Again we have to tell people: stay off the damn phone!  It isn't your friend when dealing with these people!



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