Consumer complaint received 2017-02-28
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: SC
Product: Mortgage
Sub-product: Conventional fixed mortgage
Issue: Loan modification,collection,foreclosure

Complaint:
To whom it may concern, XXXX XXXX XXXX South Carolina XXXX Loan Number : XXXX Doc ID XXXX My name is XXXX. I am writing an in-depth letter with complaints against Bank of America, N.A., BAC Home Loan Servicing , LP FKA Countrywide Home Loans Servicing, LP. In this letter, I will be including a lot of important information and facts on why I feel I have been treated unfairly according to the laws and been XXXX discriminated against. 
In XXXX I bought a home from America 's Wholesale Lenders, which I thought was a mortgage company. Here are the facts about America 's Wholesale Lenders that I have found out.In XXXX Countrywide wanted to dominate the housing boom. The problem they were facing was that each state has its own licensing fees, corporate taxes, and regulatory costs that Countrywide would have had to pay in order to do business. That 's when they cooked up the scheme. Instead of becoming licensed and registered in every state, Countrywide simply made up a trade name ( DBA ) that they could register in every state that would slide under the radar of the regulators. They made up the innocuous name America 's Wholesale Lender and got to work. 
Their scheme worked and nobody noticed that America 's Wholesale Lender was n't a corporation registered or licensed to do business in their state. Countrywide got cranking and created XXXX loans across every state in the country under the DBA " America 's Wholesale Lender. '' The catch is that a DBA such as America 's Wholesale Lender is not a legal entity. It is simply a trade name. A DBA has no ability to own property, file lawsuits, or hold any security interests. 
So seeing how this was a DBA loan it 's simple the loan is a fraud. 
I have asked Bank of American to show me the proof that they legally own this fictional mortgage, all I get back is that they have the right as they bought countrywide server no legal documents have been produced, I want to see my original loan not a copy that has been revised or copies but the so-called blue ink. I want to see proof that they own this fictional mortgage and If so they should be then liable for the fraudulent mortgage and subject to the laws of having a fictional loan. 
Bank of America has received money from the United States Taxpayers TARP 's housing programs in the amount of {>= $1,000,000}, Bank of America subsidiaries ( incl. Countrywide ) Mortgage Servicer Calif. {>= $1,000,000}. Bank of America also filed suit against Countrywide for these Fradulate loans and won their case awarding them money as well. Through research, I have been told that the Mortage was paid by the Mortage insurance as well. Now it seems they want again to be paid for the same mortgage with the PMI insurance that I have on the loan. 
I tried many times to get Bank of America to work with me on the loan, I called over and over and over.I offered at one time 20,000 dollars leaving a remaining balance of 5,000 dollars. They would not work with me on this and said I had less than three months to make up the 5,000 dollars or that 20,000 dollars would be taken. This would bring my monthly payment to {$3200.00} approx. I could not guarantee with the way work was that this amount could be paid each month. I feel this is against the Obama affordable home act as well as the guidelines of RESPA. There were some months that my phone bill was over more than 300 $ just trying to get to the right department. .It seemed that no one knew where or to Whom I should talk to. It was so stressful. Not only am I trying to deal with the problem I had acquired with the home. I was in the XXXX in South Carolina. Builders I did work for went out of business costing me the sum of {$80.00} for Materials and labor. This was a hard hit on my finances, what small business could take a hit like that and not

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