An Example Of Bank Of America Refusing To Provide An Original Mortgage Note

Two months ago, there were a variety of campaigns launched to get the mass public to demand from their bank an original, wet ink signature note for their mortgage. Many of these fizzled out. That said, we would like to present one instance of Bank of America responding negatively to just such a demand by a Zero Hedge reader, in which the bank's Home Loans unit outright refuses to provide the requested information hiding behind a lack of affirmative responsibility. Specifically, the response from the Qualified Written Request Group notes: "you cite no legal authority that supports your claim that you are entitled to view the original Note, and we are not aware of the existence of any such authority. Accordingly BAC Home Loans respectfully declines this request. If you wish to pursue this matter further, please provide such legal authority." In other words, banks continue to hide behind a legal defense that ultimately involves the jurisdiction of various (if not all) state attorneys general. In the meantime, odds are (99%) that the bank has absolutely no copy of the original and should the reader proceed to default (in a judicial state), the bank will likely ultimately be forced to give up its claim on the mortgage. And one wonders why the TBTF banks (especially BofA, Wells and JPM) are doing all they can to promptly bring the AGs under their fold (regardless of "cost") before all hell breaks loose should the required "legal authority" be provided through case law.


We urge readers who have received comparable responses from their bank, to submitted a properly redacted response to us, following which we will compile all the responses and send them to all highly corrupt legal authorities in very public fashion.

Additionally, for those to whom this is insufficient, here is a form letter (note: prepared by the SEIU) addressed to the appropriate just as corrupt Attorney General - link. Should readers not wish to provide their information to the SEIU's database, we are confident there are enough form letters floating in the Internet to make this a simple task.