Good stuff.

then they started asking me for a bunch of paperwork and information about it. of course, this was after they froze it --meaning i could not use it.

(note: i had zero balance, had used it once and paid it off within days...at the point BofA bought it, it had not been used in a year)

i asked them if they got the information from me, would they unfreeze the HELOC? they said no.

i asked them why i should do a bunch of work to get them info when it wasn't going to do any good.

they said because to keep the HELOC open, they needed more information.

i asked them what's the advantage for me in it being open when it's frozen?

they said it would cost $400 to close it.

i told them i wasn't going to do footwork for them to keep a HELOC i couldn't use open --worse, by keeping it open, but frozen, i couldn't get one anywhere else.

i also told them i wasn't going to pay to close it.

i did everything i was obligated by my original contract to do, whatever else they wanted, they could negotiate with me.

i told them my preference was to have nothing to do with BofA and that they should close my account without penalty since they made it useless anyway.

ultimately, they agreed to close it without charging me a fee, though i had to pay a recording fee of $60 to get them off my title.

oh well.

CAN'T STAND THEM.

Frozen of course. Don't care about that as I don't ever plan on using it. It has a small balance.

I keep getting loan documents sent to me marked "Modification" requesting all new signatures. Apparently the notary forgot to have me sign on the notary page.

I wouldn't mind re-signing the original document, which I have told them several times, but they are sending a whole new package.

They say the mortgage can't be recorded without the document. I say it's their problem. This has been going on for 5 years.

That was the whole scandal, that they were avoiding local recording fees by using MERS.

You are very very smart not to sign any "modified" documents.
That fact that your original paperwork did not have a notary signature may pay out in your favor some day.
would not trust them an inch.

Small consultancy. Between contracts lived on our LOC. In 2009 both disappeared.

We still aren't finished digging out of the burn pit we got bulldozed into along with millions of others. Excuse me if I don't have many fond feelings left for the financial services industry.

Here, grab a shovel. Maybe we should dig together.

We still haven't done diddly squat to support them and they are the true drivers of job growth. If I have one major gripe this is it...oh and the lack of support for transition to renewable energy.

As far as I am concerned Obama really missed the boat here.

The pathetic thing is that we expect business owners to put their houses up as collateral in order to operate.

My husband and I own a small business. We used to employ 4 people including our son. We had to let everyone but our son go when the shit hit the fan and we lost access to our credit. We are still operating in this diminished state.

I work in real estate and our company used to employ 7 people. Now we are down to 3. Our business also lost access to a line of credit.


We are small businesses. Not the 25- 50 employee corporations that seem to get all the help from the government.

halliburton is also considered a small business in some way/shape/or form.

along with many other companies that have 500 and above employees. It has something to do with legal mumbo jumbo not shared with the commoners that feel they are contributing to the mosh pit.

I respect your definition of a small business and I applaud you.

Haliburton????

When did we become a country determined to use debt instead of savings for our growth?

wages for two decades plus higher prices for everything that a one salary family could get back in the day. I'm not talking about luxury items or big screen TVs either, but of higher prices for education, cars, refrigerators and homes which are pretty essential. The only way to make ends meet was to have credit where you could buy what you needed and pay for it slowly. There hasn't been enough money for most people for decades in order to save. Save money by cutting out what? Food? Transportation? Forgetting that college education? Forgetting about day care while both parents are forced to work and still don't quite make enough? And how many millions have lost their jobs because they were shipped to other countries?

People have had to max out their credit and then they borrowed from their equity until all of it got frozen. People have lost their homes to foreclosure and have had to declare bankruptcy while the rich banks get richer. Where should they have saved from?