Stop Bank of America From Selling/Transferring Mortgages . .
  • Petitioned Bank Of America - Mortgage Division

This petition was delivered to:

CEO Brian Moynihan
Bank Of America - Mortgage Division

Stop Bank of America From Selling/Transferring Mortgages . .

    1. Justice Seeker
    2. Petition by

      Justice Seeker

Children and families are affected by Bank of America's practices.  Bank of America, the largest bank in the U.S., has engaged in unethical business practices, which includes their role in predatory lending and illegal foreclosures. Faced with legal action for their abusive acts,  Bank of America canceled HUD/FHA mortgage loans as paid in full and then unbeknownst to the homeowners, BOA sold/transferred the loans to companies like Aurora Loan Services and Aurora Bank to continue collection of monthly payments.

What's worse is that Bank of America's decision to transfer or sell these loans will become a widespread practice by other banks like Wells Fargo, GMAC Home, Countrywide and Chase bank as a way to avoid legal action for illegal foreclosures and unethical practices like predatory lending.

This tactic will hurt consumers who are victims of predatory lending, illegal foreclosure tactics or other abusive acts because it will remove BOA from the legal process. In an effort to avoid lawsuits, BOA has canceled debt, but is now using other companies to collect on these mortgages through different loan account numbers.

Taxpayers gave Bank of America billions of dollars in bailout money with the belief that the bank would help consumers and jump start the economy. In turn, they have engaged in these illegal and questionable business tactics.  The taxpayers must take a stand against these abusive acts and demand that once BOA cancels a loan as paid in full, it will not be able to allege that it did so by mistake or be able to sell/transfer the loan to another bank to collect payments.

Please join me in telling Bank of America that you are appalled by their tactic and that enough is enough! Sign my petition calling on BofA CEO Brian Moynihan to swiftly reverse the bank's decision to sell/transfer canceled mortgage loans to be collected by other banks or mortgage companies.

Recent signatures

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    1. Reached 50 signatures

    Supporters

    Reasons for signing

    • Dawnell Lombard OLYMPIA, WA
      • over 2 years ago

      Because the bank's victims are kids, disabled, low income... and this may help my petition.

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    • melissa brodsky FARMINGTON HILS, MI
      • almost 3 years ago
      REPORT THIS COMMENT:
    • Kristiane Chappell VALLEY CENTER, CA
      • almost 3 years ago

      We have similar issues with my mother, she is now on a fixed income due to disability and her lender is refusing to work with us for programs to keep her in her home. Banks have the option to do the right thing, they choose not to. Good luck to you.

      http://www.change.org/petitions/lemar-wooley-fmc-to-participate-in-the-hardest-hit-fund

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    • Oliver Wendall-Holmes EL PRADO, VT
      • almost 3 years ago

      reading martha hyde's post made me angry all over again - for over two years I went through what she and her husband did - and finally, after living in terror as she says I paid the bank an ADDITIONAL $16,000 I NEVER OWED BEFORE so the mortgage co wouldn't take away the home I built with my own hands and raised my four kids in for the past 25 years...

      If I had never believed Obama, if I had never asked for a home loan modification, I'd have my house AND my $16,000 and would have avoided 33 months of tyranny, threats, heartache and fear. And the Legal Aid I had said, "don't even think about trying to sue unless you want to loose it all. The banks have all the laws on their side." Boa is too nice a word, but these bank people are not human - that's for sure - human beings have a beating heart...

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    • Isabel Santamaria PALM BAY, FL
      • almost 3 years ago

      I am signing this petition because my family and I are victims of Bank of America's criminally abusive practices.

      REPORT THIS COMMENT:

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