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Re: Bank Of America Raided By Deputies To Seize Homeowners...

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The banks have just gotten far too big with centralized bureaucracies. Errors and "lost" paperwork are common. Lost paperwork has been so common in fact that many believe that it isn't a mistake but a plot by the banks and mortgage companies to poach prime real estate from the owners so they can resell it for a greater immediate profit than they would earn over the years from the interest.

As for trying to steal a paid for house, well, that's just beyond the pale and needs to be investigated as a criminal act.

In a message dated 6/5/2011 1:03:49 P.M. Eastern Daylight Time, no_reply writes:

Bank Of America Raided By Deputies To Seize Homeowners Property

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" The banks have just gotten far too big with centralized bureaucracies. Errors

and " lost " paperwork are common. Lost paperwork has been so common in fact that

many believe that it isn't a mistake but a plot by the banks and mortgage

companies to poach prime real estate from the owners so they can resell it for a

greater immediate profit than they would earn over the years from the interest. "

Most big banks process payments and other paperwork at central processing

centers. There may be a hold up these days between when something is received

and something is processed due to low staffing, and whatever is processed won't

post until the following day.

And so something you send in might wind up in a bin for a few days until it is

processed, or maybe more if the bin gets forgotten.

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