B of A Parallel Foreclosure CONFESSION

Wednesday, October 19, 2011

Why Parallel Foreclosures Exist.

Sometimes when researching foreclosures, banks, and their strange behavior, we can get caught in the trap of of going AHA!, banks stink because they do X, Y and Z against their customers.


What if we could further condense the AHA's into one bold, streamlined sentence? Would simplifying and condensing the message make it easier to fight back against the banks? I think so.


The reason parallel foreclosures exist is because banks first require a default before they will restructure a debt. Since a default is required before any change can occur to an existing financial agreement, the banks may actually believe they are doing us a favor when they perform a parallel foreclosure on your home.


Gasp.


You are viewing Parallel Foreclosure blog. Please check out UNfair Foreclosures blog and Swarm The Banks blog as well.

4 comments:

  1. Your blogs get more and more attentions because of its very informative contents. Thanks for the great read.

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  2. For a minute I though you ware talking about my father. Just as you said the loan Mod was just the bait for them to eventually loose it all and I mean it all my parents put their life savings down $240K on a property that was sold to them for $720K in period of 4-6yrs they lost it all. The house was just recently sold for $310 how about that do the math. My father is the old fashion type of person he secured his mortgage before the food on the table.

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  3. Hey,

    Please pass this on if you agree. We are working on setting a date.

    Force Change, Boycott Capitalism

    We know what the problem is, let us fix it and move forward together.

    When you look at a republican or democrat, congress or FDA official, Judges and Justice Department, you see criminals.

    Our corruption dates back decades to when those, who in trying to preserve slavery, had to find new ways to preserve it and so created a scientific and advanced form of slavery.

    Only two components were required -- the illusion of freedom & choice and the taking away of the freedom to live off the land.

    How else would you get a person to submit themselves to mind numbing or degrading work unless you oppress them into it.

    Our current system is rooted in corruption and every attempt in preserving it involves manipulating human thought and turning people against one another.

    In America the population has been transformed into two major voting groups but they only have one choice.

    They had been distracted up until now with television and American culture which prospered through the oppression of other nations.

    Americans allowed themselves to be fooled into using their military and economic dominance to seize resources of other nations and create expanding markets for American profiteers.

    Now that technology, competition and conscience have evolved Americans are realizing that our current system of government is damaging and unsustainable.

    Our government officials have allowed private profits and personal benefits to influence decisions that affect the health and well-being of people all over the planet, not just in America... how much longer will we allow them to rule over us??

    Occupy Washington and demand that government officials resign their posts.

    We will setup new online elections with a verification system that will allow us to see our votes after we cast them, put our new officials in office and work toward rebuilding our country and our world.

    Pass this message along to any and everyone, we already occupy the world, unite.

    Occupy Washington, Boycott Capitalism, Force Change

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    ReplyDelete
  4. It was an interesting post. I enjoyed reading your blog. It has a great content also as what arrille P said. Thank you for sharing.

    Charles A

    ReplyDelete

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