Consumer complaint received 2025-04-29 00:00:00
Product: Debt collection — Mortgage debt
Issue: Took or threatened to take negative or legal action — Seized or attempted to seize your property
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: GA

Complaint narrative:
The situation with BofA XXXX XXXX XXXXXXXX XXXX XXXX raises serious concerns and could potentially indicate theft or fraudulent activity, depending on the specifics. Here 's a breakdown of why and what needs to be investigated : By XXXX XXXX of the XXXX XXXX XXXX on Why it Could Be Theft or Fraud : Selling Property Without Clear Title : If BofA XXXX XXXX XXXX XXXXXXXX XXXX sold a property to a XXXX XXXX XXXX in XXXX without having the legal right to do so ( i.e., without a clear title ), this could be considered fraud. Selling an asset you don't rightfully own is a fundamental element of theft. 
Owner Sold Interest in Shares : The statement that the " owner of the property was sold in the interest of shares '' is particularly alarming. This phrasing suggests a scenario where the ownership of the company that held the property was transferred through the sale of shares, potentially without the explicit consent or full understanding of the original property owner. 
Lack of Owner Awareness of No Title : If the original property owner which are XXXX XXXX XXXX and XXXX XXXX XXXX was unaware that there was no clear title to the property, it suggests a lack of transparency and potentially deceptive practices. 
Possible Scenarios and Implications : BofA XXXX XXXX Never Had Clear Title : If BofA XXXX XXXX  never legally owned the property outright but still sold it, this is a clear indication of potential fraud. Their " control number '' XXXX might have related to a lien or some other form of security interest, not full Therefore we have concluded BofA XXXX XXXX Acted on a Faulty Premise : Yet my staff and I don't think XXXX XXXX might have mistakenly believed they had the right to sell the property due to errors in their records or a misunderstanding of the legal situation. While not necessarily catorigize intentional theft, it could still have severe legal consequences. 
The " Sale in the Interest of Shares '' Was Coercive or Misleading : If the original property owner was pressured or misled into transferring their ownership of the company ( which held the property ) through a share transaction they didn't fully comprehend, this could constitute fraud or other illegal activity.In our audit we know that XXXX XXXX XXXX nor XXXX XXXX XXXX knew nothing of such intentions. 
The XXXX XXXX XXXX in XXXX Was Involved in a Scheme : It's possible this company was knowingly involved in acquiring the property under questionable circumstances. 
Why the " Control Number '' is Relevant : The control number indicates that BofA XXXX XXXX XXXXXXXX XXXX XXXX had an internal system for tracking this specific property. This suggests they were aware of the asset and their involvement with it. If they sold it without proper title, this awareness strengthens the possibility of intentional wrongdoing. 
What Needs to Happen : Immediate Legal Action : A QWR was sent out to each particular party to address concerns and The original property owner needed to seek legal counsel immediately. A real estate attorney specializing in property disputes and potentially international transactions is crucial. 
Thorough Investigation : A full investigation needs to be conducted to determine the exact chain of events, the nature of BofA XXXX XXXX XXXX initial interest in the property, the details of the sale to the XXXX company, and the circumstances surrounding the owner being " sold in the interest of shares. '' XXXX XXXX : A comprehensive title search should be conducted in the relevant jurisdiction to ascertain the true legal status of the property 's title. 
Potential Legal Claims : Depending on the findings, the original owner may have grounds for legal claims against Bank of America NA, BofA XXXX XXXX XXXX XXXXXXXX XXXX, the XXXX XXXX XXXX in XXXX, and potentially others involved. This could include claims for fraud, theft, unjust enrichment, and more. 
In conclusion, I XXXX XXXX declare the situation as described strongly suggests potential theft or fraudulent activity. The sale of a property without clear title, coupled with the owner being " sold in the interest of shares '' without their clear understanding or consent, is highly irregular and warrants immediate and thorough legal investigation. 
XXXX XXXX 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