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Bank of America’s Dirty Little Secrets

In New Jersey, according to a recent TV report by local CBS affiliate, Kim Shibles found herself the victim of one of Bank of America’s old parlor tricks; essentially offering a homeowner a lower rate via the government-sponsored HAMP program. It’s all bait and switch and despite the fact that Ms Shibles never missed a payment prior to taking the bait in 2010; afterwards, following up the application, it was all lost documents, re-submit, re-apply until guess what: sorry, Ms. Shibles, you’ve been foreclosed (collect your things and leave ‘cause we’re selling the house you’ve called home for eighteen years). It’s the fleecing of America as aptly pointed out by Linda Tirelli interviewed for the story; the same Linda Tirelli I’ve featured in many past articles.

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