David Goliath

Can Bankruptcy Stop Foreclosure? – Chapter 7 vs. Chapter 13

April 15, 2013 in Bankruptcy Attorney, Chapter 13, Chapter 7 Bankruptcy

Can Bankruptcy Stop Foreclosure

Can Bankruptcy Stop Foreclosure? Here at Banking Bad we get quite a few messages about ways people work to save their property. We do not give out legal advise, but are aware that a Chapter 13 bankruptcy can allow individuals to save their homes by restructuring their debt into a 3-year or 5-year payment plan. “Filing a Chapter 13 bankruptcy stops foreclosure proceedings giving the homeowner a chance to save their home. Chapter 7 can possibly save a home by wiping out other debts allowing the homeowner to focus on the home,” say San Diego bankruptcy attorney Craig Trenton. Read the rest of this entry →

David Goliath

Chase Loan Modification Abusing Another Grandmother

February 22, 2013 in Chase, Chase complaint forum, Chase complaints, Chase loan modifications

Chase loan modification complaintsHere at Banking Bad we really thought Chase was not as bad as Bank of America when it comes to loan modifications. The reason for this thinking is we get so many more B of A complaints at BankingBad.com, but we have recently learned that Chase loan modifications may be even worse. Read the rest of this entry →

David Goliath

BOA Strangles Musician…“Banking Bad” – Episode 3

January 29, 2013 in Bank of America, bank of america loan modification complaints, Bank of America music video, Banking Bad

Banking Bad – Episode 3 -BOA

The Bank of America home loan nightmare continues in “Banking Bad” – Episode 3. This episode of the Banking Bad series featuring musician, Dave Nichols who’s latest single “I Told You So,” features members of Eminem’s Detroit crew D12. Dave received a very bad loan on a small home purchase through Country Wide Home Loans, who was then purchased by Bank of America. Read the rest of this entry →

David Goliath

Bank of America Wants You to Die… part 2

December 3, 2012 in Bank of America Loan Mod, bank of america loan modification complaints, Bank of America wants you to die… before they modify, Banking Bad

Bank of America wants you to die

Bank of America Loan Modification Complaints.

Bank of America wants you to die… part 2 - Bank of America Loan Modification… The horror continues! Bank of America claimed to “need” a Death Certificate from a living borrower to complete his loan modification. Watch this video to see what happens next in this loan mod nightmare.”  Read the rest of this entry →

David Goliath

Banking Bad featured in Bloomberg Businessweek

September 24, 2012 in Banking Bad News, Banking BAD Video Series, News

Banking Bad featured in Bloomberg Businessweek. The first video in the Banking Bad video series made the front page of the Markets & Finance/Real Estate section on the Bloomberg Businessweek website. Investigative journalist Karen Weise  published a deep look into the Banking Bad Video series, titled Mortgage Help Turns Macabre For One Homeowner.

Bank of America spokesman Rick Simon says that the death certificate requests came because of an “inadvertent clerical entry.”  He didn’t comment on the second request.

Well we have been getting a bunch of request to release part II so stayed tuned it is coming soon. Click here for a preview of “Bank of America wants you to die… before they modify,” part 2 sneak peek.

via businessweek

David Goliath

Can a Chapter 13 Stop Foreclosure?

September 21, 2012 in Bankruptcy, Chapter 13, Home Saving Strategies, Stop Foreclosure

Millions of Bankruptcies were filed in the US last year, and over 200,000 bankruptcies were filed in California alone. With so many homeowners underwater and with uncontainable debt, Chapter 13 has been a way to save homes for many families and restructure their debt. The main reason this particular chapter often saves homes is Chapter 13 bankruptcy can often stop foreclosure. Read the rest of this entry →

David Goliath

Little Lady Fights Big Bank of America with Webcam!

September 12, 2012 in Bank of America Loan Mod, bank of america loan modification complaints, Bank of America Loan Modifications, Bank of America music video, Banking Bad T-Shirt

Ever since Dee launched his Bank of America Wants You to Die Before They Modify video, chronicling his experienced where he was asked to provide Bank of America a death certificate to get his loan modified, there has been a wave of people who have been inspired to fight Read the rest of this entry →

David Goliath

Shadow REO: Big Banks Holding Back 90% of Available Homes?

September 11, 2012 in Shadow REO

Shadow REO? Are up to 90% of the homes that are available for sale being hidden? We have been hearing more and more about “Shadow REO.”

Shadow REO

Shadow REO: Big Banks Holding Back 90% of Home Inventory?

REO stands for “a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.” [1] The reason for all of the  buzz is that there appears to be a large portion of this real estate inventory being purposely held back from the national real estate marketplace, in order to intentionally keep it off of the market, but why…? Read the rest of this entry →

David Goliath

Really, BofA? You couldn’t help one person in that quarter?

September 8, 2012 in Bank of America Loan Mod, bank of america loan modification complaints, Bank of America Loan Modifications, Banking Bad News

We just got our hands on the Office of Mortgage Settlement oversight report:  At the end of the report you can see which banks did modifications and in which states the banks did them in. Guess who did Zero in the first quarter covered by the report? (This, of course  is according to the Office of the Mortgage Settlement report, during the period of March 1 to June 30, 2012.) Read the rest of this entry →