Consumer complaint received 2017-11-01
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: GA
Product: Debt collection
Sub-product: Mortgage debt
Issue: Written notification about debt
Sub-issue: Didn't receive enough information to verify debt

Complaint:
Dear CFPB, I am disputing XXXX XXXX XXXX ( XXXX ) response based on their and XXXX XXXX ( Attorney for Debt Collectors ) refusal to fully verify the alleged debt. I have sent various QWR 's and verification of debt requests to them and they have not provided the key proof of claim elements requested. Additionally, the verification requires XXXX and XXXX and XXXX to provide evidence ( contract ) that they are working on behalf of XXXX Bank XXXX. 

Additionally, I have attained correspondence from Bank of America dated XXXX XXXX, XXXX stating that Bank of America, NA was the owner of the note on this particular date. I also have a letter from XXXX and XXXX on XXXX XXXX, XXXX stating that Bank of America was the current owner of the note and could not produce the original promissory note. 
In both statements the details followed : Bank Of America, N.A., Successor By Merger To XXXX XXXX XXXX XXXX XXXX, XXXX Countrywide XXXX XXXX XXXX XXXX, For the Benefit Of The XXXX T XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX If this is the case there are some mail fraud, tax fraud, SEC violations, IRS issues and a variety of other violations associated with this alleged debt. 

I am releasing these documents to my attorney for inspection and I strongly advise all parties to govern themselves accordingly. 

After completing extensive research into the mortgage loan situation conducted by my legal research team, they have identified evidence of mortgage fraud, fraudulent assignments, chain of title issues, FDCPA, TILA, RESPA and a variety of other regulatory violations. 

XXXX obtained the servicing rights from Bank of America of bad debt that was predicated on massive fraud that originated from the Countrywide Home Loans situation. My loan was initiated in XXXX from Countrywide and was part of the pool of home mortgages that were securitized into XXXX XXXX XXXX ( XXXX ). 

As a result, there was massive fraud and range of lending violations that negatively impacted the United States housing market that caused a collapse. Homeowners and the investors throughout the United States basically were damaged in the process and the Department of Justice ( DOJ ) sued Bank of America for financial fraud on a variety of levels. In XXXX, Bank of America ( BOA ) sold bad debt and servicing rights to XXXX with both parties knowing that the old Countrywide/BOA debt that originated between XXXX was predicated on fraudulent transactions and lending violations. 

I repeatedly asked both Bank of America and XXXX to verify my alleged debt multiple times and they consistently provided conflicting information or lack of to this point. BOA ended up settling the law suit for {$16.00} XXXX dollars with the DOJ and acknowledged their fraudulent conduct. There is massive fraud involved with my loan including chain of tittle issues, New York Trust violations, fraudulent assignments and a range of other lending violations. XXXX has never satisfied the proof of claim and I will present the evidence compiled by my legal team in the next ( 30-45 ) days. 

In summary, XXXX is trying to illegally defraud my family out of our property as a third party debt collector that lacks standing and the ability to verify the debt. They were aware of BOA and Countrywide past conduct and the debt that they purchased in XXXX. I have attached with this dispute the debt verification request and default notices that I sent to XXXX and XXXX XXXX. 

Additionally, I will be litigating against all parties that are associated with this fraudulent matter unless the attempted debt collection is resolved. 




The following transcript below summarizes the BOA/Countrywide situation : Bank of America and the banks it bought securitized billions of dollars of defective mortgages, said Acting Inspector General XXXX XXXX XXXX of the XXXX. Investors, including XXXX XXXX and XXXX XXXX, suffered enormous losses by purchasing XXXX from Bank of America, Countrywide XXXX XXXX XXXX  not knowing about those defects. Todays settlement is a significant, but by no means final step by XXXX and its law enforcement partners to hold accountable those who committed acts of fraud and deceit. Todays settlement attests to the fact that fraud pervaded every level of the XXXX  industry, including purportedly prime securities, which formed the basis of our filed complaint, said U.S. Attorney XXXX XXXX XXXX for the XXXX XXXX XXXX North Carolina. Even reputable institutions like Bank of America caved to the pernicious forces of greed and cut corners, putting profits ahead of their customers. 


Best Regards, XXXX XXXX

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation