Consumer complaint received 2025-04-04 00:00:00
Product: Mortgage — VA mortgage
Issue: Closing on a mortgage — Closing disclosure or other related disclosures
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: GA

Complaint narrative:
In our research we found that between XXXX and XXXX XXXX  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 XXXX  would have had to pay in order to do business. Thats when they cooked up the scheme. Instead of becoming licensed and registered in every state, XXXX  simply made up a trade name ( XXXX  ) that they could register in every state that would slide under the radar of the regulators. They made up the innocuous name XXXX XXXX XXXX and got to work. 
Their scheme worked and nobody noticed that XXXX XXXX XXXX wasnt a corporation registered or licensed to do business in their state. There have been many experts to write articles about these scams and schemes used in the banking and mortgaging industries. We have had some insight given to us by such names as XXXX XXXX, XXXX XXXX and many others who were seeking to help people like us in this stand of a XXXXXXXX XXXX XXXX scenario. Well we know that XXXX  got cranking and created XXXX XXXX loans across every state in the country under the XXXX XXXX XXXX XXXXEspecially an average everyday working individual like myself, well what Do I know now through research and a few good Samaritans. 
The catch is that a XXXX  such as XXXX  XXXX XXXX is not a legal entity. It is simply a trade name. A XXXX has no ability to own property, file lawsuits, or hold any security interests. 
After a little while some local recorders began to notice and refused to record the loans because the lender was just a XXXX, not a licensed lender in the state. At this point XXXX  decided to commit ANOTHER fraud by listing the lender on their mortgages as XXXX XXXX XXXX, a Corporation organized and existing under the laws of New York. With this subtle but incredibly fraudulent change, XXXX resubmitted the loans and they went through without a hitch. At this point no one realized that XXXX XXXX XXXX wasnt a registered corporation at all. 
After they made the loans, XXXX  never sold them to a securitized trust as they were required to do by the pooling agreements. Instead, the loans were controlled by Bank of America ( BOA ). As a result, BOA was collecting payments and foreclosing on loans despite the fact that it never owned or funded any of the actual loans. BOA continued the fraud with a few upgrades. 
After the creation of XXXX, Bank of America needed to find a way to make it so that XXXX could make no claims to the loans. What they did was get MERS to create an assignment on behalf of XXXX which assigned the loan to XXXX XXXX XXXX XXXX XXXX XXXX XXXX  or XXXX XXXX. After these fraudulent assignments, the bank attaches them to their foreclosure proceedings to trick the court into believing it is the legal owner of the loan. 
This is all made even more infuriating when we have realized that all of these XXXX XXXX fraudulent loans have been fully repaid by taxpayers in the TARP bailout and by the various insurance companies who insured the securitized trusts these loans were supposed to be a part of. We now realize how our loan origination was changed and we know that The OCC was impartially part of or fully aware of many loan situation like mine under XXXX XXXX XXXX a stock company for XXXX  XXXX XXXX XXXX XXXX Its Successors And /Or Its Assigns A.T.I.M.A the address of XXXX XXXX XXXX XXXX XXXX XXXX, Tx XXXX, XXXX # XXXX Policy # XXXX Loan # XXXX TYPE of LOAN IMPOUND/OCC Notice # XXXX Effective Date XX/XX/XXXX. 

Based upon court records in 22 states involving lawsuits against XXXX that went to default judgment, including bankruptcy cases, it appears that borrowers were able to cancel approximately XXXX XXXX dollars worth of the fraudulent loans created by XXXX  with taxpayers money. 
Currently, we also now know the more sophisticated foreclosure fraud designed by BOA which includes XXXX XXXX XXXX XXXX XXXX XXXX XXXX, and XXXX XXXX  XXXX is in full operation. Despite a second offer made as late as XX/XX/XXXX by XXXX corporate counsel to Bank Of America counsel to purchase XXXX  and stop the fraudulent foreclosures, BOA once again refused the offer in favor of continuing their enormous fraud. Here is how the fraud was being conducted by BOA on the XXXX XXXX loans that BOA did not pay a single dime for. Remember these loans were not funded by XXXX  or BOA. 
As the loan servicer, investor, owner as stated by BOA and or parent company Bank of America N.A. makes its own determination that the loan is in default. It first notified us through its RAN network attorney at that time XXXX XXXX XXXX that it will begin foreclosure proceedings. Because of the foreclosure fraud committed during that time lasting for years by certain lenders in all 50 states, most states now have enacted requirements that the foreclosing lender produce documents attached to the foreclosure documents that prove they are actually the lender unfortunately Georgia is still a Title Theory State and people like myself solely have to rely on character of CPFB, or OCC etc to protect us the consumer. 
So Since B of A and now Bank of America N.A. claim to have bought the loan from XXXXXXXX XXXX XXXX XXXX  they can only receive the rights that XXXX XXXX XXXX had. Which are no rights at all? You have to be, or have the Rights of, a Natural Person under the United States constitution. What is XXXX XXXX XXXX? It was a wholesale division of XXXX  XXXX XXXX. It was a nonentity and at best legally a trade of XXXX XXXX XXXX XXXX XXXX. It was not in any way a legal business entity in New York and it was not a corporation formed under the laws of the state of New York as the note and Trust Deed state. They were at best a nonentity and at worst perpetrating a huge fraud on the entire industry and now the American people. Most of all XXXX XXXX XXXX XXXXXXXX were sold to XXXX XXXX and XXXX XXXX and XXXX XXXX and there fraud is being paid for by American People. Since no one that could legally sign a document legally transferring the loans they had. 
In our case as one of these 3.5 million loans, the lender still states on the mortgage or deed of trust is Government XXXXXXXX XXXX XXXXXXXX who declared that they do not in fact have anything of ours as such was recorded supposedly on XX/XX/XXXX 15 days after our closing documents XX/XX/XXXX yet it is was also still assigned to XXXX XXXX XXXX, a New York Corporation. Because BOA is not affiliated with XXXX, and because XXXX has attempted to stop BOA from committing this fraud in its name, BOA devised a fraudulent scheme where it has MERS execute an assignment that appears to be on behalf of XXXX, which assigns the loan to either XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Once that fraudulent assignment is recorded, that conspirator bank then attaches it to the foreclosure proceedings to defraud that court into believing it is the true owner of the loan. If a borrower is unable to afford an attorney to represent him in court, he loses his home, which is what BOA and now called Bank of America N.A. and also covered as BofA XXXX XXXX XXXX XXXX XXXXXXXX, cand as of the latest being XXXX XXXX XXXX XXXXXXXX is counting on. 
Well we continue to wait on Our XXXX The XXXX XXXX XXXX who is The Righteous Judge to fight this battle for we have none other to depend upon. Gods declares it so in XXXX XXXX XXXX in XXXX WE TRUST My Question to you now officers of The Justice Department , OCC, CFPB, FTC etc will you give us a chance to fight our cause as you have the authority to demand a CEASE and DESIST the foreclosure process abroad such as XXXX who are listing and calling every day until our complaint has a fair assessment. 
XXXX 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