Bank Of America Forecloses On House Couple Paid Cash For

I think that one thing that corporations in general are beginning to forget is the fact that they MUST give us something to value. They MUST give us a reason to look forward to tomorrow.

Without something to value or look forward to we would have nothing to loose and hence no reason not to riot and go utterly berserk. A few highly motivated people going mad can cause enough trouble and damage to stop a city dead in it's tracks for at least a day if they go about it intelligently. A whole city worth of people from all social classes going mad for just a day can utterly destroy a city indefinitely.

Basically, I think large corporations are beginning to forget that fact, they are beginning to forget history. If you wanted to enslave a race, there would be two ways to go about it successfully. The first would require that they never realize that they are enslaved in the first place. The second would require that you brainwash them to fear loosing what few breadcrumbs you allow them.

If you were to ever take those few breadcrumbs away however, then reality would set in and the mayhem would begin. I'm not saying this about Bank of America only, I am saying this about all of the corporations that devise new and inventive ways to place us in debt while at the same time immersing us in consumerism without any real thought or care for our rights as human beings.

I realize that the couple had already paid for their home, and Bank of America did nothing to double check their records. I also realize that some people would consider my post somewhat off topic. There is one more thing I realize as well though...That the concept I presented above is not just in one person's thoughts, the concept is alive and circulating in the minds of a lot of people lately worldwide. Planting a reminder of that on this post just spreads it a little farther, and brings it that much closer to a reality.

This possibly opens up the way for people who have been legitimately foreclosed upon to file suit. Let the floodgates open up. Foreclosuregate here we come!

I've heard of a simple defense that is effective in these situations:

Produce The Note

www.consumerwarningnetwork.com...

while the situation is outrageous it should not be surprising at all. i'm sure many of you work for a living and all of you know how most companies work. you have to do your tasks in a certain amount of time or you're fired. and if you're on a fixed salary you'll have to put in as many (unpaid) overtime hours as you can to keep your job because there are 1000 uneployed who would do it for you, for less. so these low paid data-entry "phone-bankers" are up against time when processing payments, or any other activity. there will be a lot of errors, it's unavoidable. but for the corporations it only matters to have the claims per employee as high as it gets to reflect an increase in productivity.

what's worse is that even though most companies have their nice shiny printouts plastered all over the walls about how they do the best things for their customers, they also promote the most incompetent people who process the most claims (no matter on quality really) so you end up having a manager who barely finished high school and is less educated than many of the employees...

OK i'm not speaking out of my own experience here, but i personally know people who worked at different companies (not BOA) processing claims and quit because of how customers and their claims were treated. one day they "woke up" and realized it's about real people not just numbers in a computer so they quit. but there are others who simply don't give a darn or really need that paycheck so they do what their masters expect them to do and thus we get the present situation.

i guess you get the picture. corporate america does everything it can to cut costs and when that wont work they ship ii overseas. so stop complaining and be grateful you still have a job!

[edit on 13-2-2010 by DarkSecret]

reply to post by Jean Paul Zodeaux


Point taken. However both of those CEO's were convicted of crimes of a larger scope and for things that they had a direct hand in controlling. 1 house foreclosure generally doesn't even become detected on a CEO's radar unless the foreclosure of a major business and it's associated properties. Granted they could in theory trace it down to the actual account rep, however then it it becomes the arguement of who authorized what and then generall it is a he said/ she said.

BOA is nothing but a bunch of greedy money grubbing terrorists. IMO.

Even if BOA dropped a check with 10 figures on it in front of me to settle out of court it would never happen. In a situation like this, they need their name drug through the mud. I would take this right to the federal level and keep pushing. Even if I got no money out of it, I would do anything to damage those jackasses for a mistake like this.

reply to post by Signals


Funny, this is the second time I've heard of this happening in Florida.

It certainly an aweful thing to happen and I hope they take the bank for a ride.

Honestly, this situation is so outrageous, I won't celebrate until someone does jail time. I've read what specifically happened, and BoA admitted they made a mistake, and then kept doing the same illegal stuff over and over again. Even if it was just a case of being incompetent, it sounds criminal to me.

Think about it. In normal situations when someone trespasses, breaks entry, burglarizes, and vandalizes, that person goes to jail. Someone ought to go to jail for this. That's not even taking to account the libel.

Companies do this sort of thing, because the people in charge know that they will never be accountable. The only way to get things back to a reasonable level of fairness in this country is to send CEOs to jail when they make their companies do things that are criminal.

Wake up, the pigs work for the man. Think about it, it's all Gestapo laws to defend corporations.

Unfortunately, BOA will suffer nothing much from this. You can't send a corporation to prison. This bank is one BigGov gives billions of dollars to do their crimes against customers. No help from BOA or BigGov or the courts. In case you haven't realized it yet, we are already a facist state. IE: A state/coporate BigGov partnership combined to squeeze the citizen dry. It won't be too long before BigGov ownes all property. All TPTB need's is one more, even bigger, false flag attack to scare people into giving up the last few freedoms left.

There's no denying what B of A did was the result of gross incompetence on their part and that the couple deserves compensation, but I think the worst of it could have been avoided if there would have been a bit more diligence on the part of the plaintiffs given the severity of what was occurring.

They first knew of the mistake in July, and didn't take any decisive action until January of the next year. In between that time, there are question marks about what was transpiring between the tenant and the Cardosos, especially with this strange paragraph:

"A landscaper Bank of America hired in August to mow the grass on the property broke a fence to bring in his equipment. The tenant got spooked and moved out just before Christmas."

So how long had this guy been mowing the grass? From August to December? Because if B of A hired him to do it in August, wouldn't it be assumed that's when he started doing it? If so, was this never mentioned to the Cardosos? When did he break the fence to bring in his equipment? Did the Cardosos know the tenant was going to move out? It states that she "got spooked and moved" before Christmas, but it doesn't specifically say she didn't give them written notice of any kind. If they had any idea she was moving, it seems there would have been some discussion between them about her reasons.

Mrs. Cardoso says she and her husband have a lot of friends in the neighborhood. One of those friends was helping the Cardosos' tenant remove some of her belongings in January, which is at least a couple of weeks after her reported official move. So I wonder if the neighbor told the Cardosos this woman had moved prior to the lock box being put on in January.? If the neighbors knew the tenant well enough to be helping her move her belongings, then it might stand to reason that they could have also had a conversation with her about the fact people (hired by B of A) were intruding onto the property and placing equipment there since this was her reason for getting "spooked" and moving. If so, did the neighbors tell the Cardosos about this?

Don't get me wrong, I'm not saying that the Cardosos don't have a right to sue. I just think there's a possibility the couple could have saved themselves a lot of this heartache and stress (losing tenant, losing belongings, having to miss the family event for travel to Florida, etc.) if they would have been more diligent in their efforts to ensure the bank corrected the problem. Clearly, the tenant had given the impression that she was already concerned about the Cardosos' credibility with respect to their rental agreement after the first incident in July, and it seems that between then and January there were signs that this problem had not been corrected that the Cardosos might have been aware of and failed to act upon.

Originally posted by Signals
Stay classy BOA!

Talk about making a couple's lives a living HELL.

Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure. Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.

I hope they have a darn good lawyer.

Wow!!! Something is very wrong here.

Why didn't the Cardoso's file an Order to Show Cause to block BOA's stupidity and stall out the foreclosure for a while????

Yes, it wouldhave cost some money to get that filed, but without it, they have lost their home. Now they have an even bigger mountain to climb (and pay for) to get their home back. Where was/is the title insurance company????

BOA is taking an improper title to an improper peice of real estate. BOA has really opened itself to a major lawsuit from the homeowners. (and from a title company had there been a mortgage in place.)

On the Order to Show Cause filing, the judge would have reviwed the paperwork and would have seen that BOA had targeted the wrong home. The judge would have either dismissed the foreclosure proceeding as being faulty, or the judge would have corrected the bank's foreclosure process to point to the correct home.

I guess the Cardoso's didn't have a good lawyer or one at all.

Also, contrary to popular belief, it is NOT ALWAYS BETTER TO PAY FOR YOUR HOME IN CASH and have NO MORTGAGE.

It is always better to have a bank with a mortgage in place - even a small mortgage. If the Cardoso's had a mortgage in place, the other bank would have interceeded prempting BOA's actions.

All the homeowner had to do was alert their own bank that another bank is attempting to foreclose on them. The Mortgage holder would have alerted the title company who would have popped up to protect title.

That's why Title insurance is critical.

-E2

Realistically, the police department should have launched a criminal investigation into this situation, because it truly is a trespassing case of the most extreme kind. My bet is, however, the police treated it as a "civil matter" instead of the criminal matter that it was and split the scene after ensuring Mr. Cardoso owned the place and was able to gain access inside. These aren't the kind of cases police officers enthusiastically take on as a criminal investigation if they can find a way to kiss it off as a civil dispute that they successfully mediated. Sorry, no disrespect for police, but it's how things are in reality.

B of A should be charged criminally just for the principle of the thing. They have no defense.

reply to post by EyesII


Yes, you would think the owners could have been a little more diligent....but BOA was still way wrong in their handling of it.

I guess their repeated attempts to contact BOA resulted in a rep. saying "everything is fine it's taken care of" and they believed them...

When Charlie Cardoso called the bank, a representative told him there was a mistake, the problem would be fixed, and he would get a return call. The call never came. The lock box remained. Four days later, Cardoso and his son drove to Florida, missing the homecoming of another son who was returning from Iraq for a two-week leave. Cardoso had to prove to police that he owned the house. The next day he broke in through a back door and used bolt cutters to remove the lock box. The water and electricity had been turned off, and pipes had frozen. The couple filed suit 10 days later. Possessions the couple had stored at the home, including photos, clothes, tools and small appliances, had been removed and are presumably lost, the complaint states.

OP Source

reply to post by AmethystSD

Honestly, this situation is so outrageous, I won't celebrate until someone does jail time. I've read what specifically happened, and BoA admitted they made a mistake, and then kept doing the same illegal stuff over and over again. Even if it was just a case of being incompetent, it sounds criminal to me.

Yes, and it also serves to confirm a disturbing truth about the mega-wealthy elites in this country; we are lower life forms unworthy of security, happiness, freedom, or even living if it gets in the way of their pursuit for more wealth and power.

I hope those people sue BOA until they bleed from their backsides.

reply to post by Signals

I guess their repeated attempts to contact BOA resulted in a rep. saying "everything is fine it's taken care of" and they believed them...

Yes, but that's my point, there really shouldn't have been any "repeated" attempts. This was a situation that should have been resolved in one phone call, period. It's a simple case of a mistaken address. When there was any indication of B of A not clearing up the problem, I think the Cardosos should have acted more aggressively to ensure it was resolved to their satisfaction. Perhaps they should have had more open communication with their tenant and an understanding that she was to notify them on the spot if any further questionable activity occurred at the residence. It doesn't look like that was the case. If it was, then they failed to address the problem until it was too late.

reply to post by NightGypsy


I couldn't agree more. I think they just figured everything was OK, which was a big mistake.

But BOA is the culprit here, not the naive couple.

reply to post by kozmo


You know there is a way to mess with the Big banks that congress won't let fail. Its rather simple really. If you have your $$$ in one of the big banks just go down and withdraw it all. Checking accounts, savings accounts, money market accounts, cash in your bank owned CD's, etc. Then go to a mid grade bank and setup your accounts again. mid grade banks have alot better % ratings, and they didn't take any money from the tarp fund. Meaning there still solvent and not in bed with the goverment. Then you talk to all your friends to do the same thing, withdraw all there accounts from the big banks. You get thosands of people doing this and when its done the Big banks are broke and the people WIN. If the big banks tell you you can't take your own money out cause they just don't have the liquid capital on hand there LYING. Theyve salted away billions. So in a nut shell the PEOPLE still have the power you just need to Do something instead of talking about it.

I use a mid grade bank and get great quartly % returns.