Music Video Moves Bank of America on Stalled Mortgage Loan

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Music Video Moves Bank of America on Stalled Mortgage Loan It might not be the right method for everyone seeking a home loan -- it requires both a good credit score (798) and some singing and guitar-playing skills -- but it worked for one Georgia couple. Ken and Meredith Williams' humorous music video, the centerpiece of a no-holds-barred social media campaign waged against Bank of America (BAC), convinced the bank to finally close on the couple's mortgage -- despite the lyric, born of frustration with a 72-day waiting period, "Don't let anybody tell you you're too big to fail/Cause you belong in jail."

As AOL Real Estate's Teke Wiggin reports, Bank of America's social media team took note. Not only did the bank finally close on the $203,000 loan on Dec. 16 -- seven weeks after the Oct. 31 date given originally by a senior mortgage officer -- it also agreed to pay the $50-a-day late fees the couple owed to the seller. "CLOSED THE LOAN," read a triumphant entry in the Williams' blog, closeourloan.wordpress.com. "KEYS IN HAND. PER DIEM FEES PAID FOR BY BANK OF AMERICA."

And a home for the couple's garden gnome at last.

Watch the Williams' successful appeal below, and read more of the story at AOL Real Estate.





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Retirednow

BOA is an odd company. They were 180 days behind in payments back in the 1980s when I worked for a industry related company. BOA is a very shady company, imo.

March 27 2012 at 9:23 PM Report abuse rate up rate down Reply
Retirednow

BOA

March 27 2012 at 9:21 PM Report abuse rate up rate down Reply
Mike

Mike .. just curious, have you ever attempted to sell any of your coins .. or buy something with 'em? How many are "legal tender" -- even in the country where issued?--------------------------------------------------------------------------------------------------Excellent question! The State of Utah HAS MADE GOLD AND SILVER COIN LEGAL TENDER! There are private banks in Utah that will take your REAL MONEY deposits and pay interest at full value in fed res notes and convert your real money to what ever fiat tender you need when you need it and even offer debit cards! You are good around the world and all 50 states. There are 12 more states in the process of doing the same. Also buying and selling gold silver coin is extremely easy! The price of gold eagles is over 1600 dollars an oz because first people are buying at that price. DEMAND ALWAYS PRECEEDS PRICE! Further I grocery shop and fill my gas tank with silver eagles every week. Just discuss with the business manager/owner you will be overwhelmed by the favorable acceptance and even gratitude you will get! My favorite service station owner LOVES reporting he sold a tank of gas for face value of one dollar and then selling that dollar for 40 res notes and rising. I help reduce his tax liability greatly and I do the same for my family Dr and my barber! Its the most fun you will ever have teaching folks how to be free of the evil fed res! Have fun and do your part to spared freedom! Got gold?

January 02 2012 at 12:47 PM Report abuse +1 rate up rate down Reply
Mike

Fed res and ALL fiat central banksters are the VILLIANS, always have been. For most of mankind’s post stone age history gold and silver have been real money, still is. Banksters are confidence men, they persuade people that pretty paper is money with no backing and transfer real property ( land, houses, businesses, etc,) for this worthless paper. Gold/silver, most commonly as coin, are real property and the honest way to make exchanges. Got gold?

January 01 2012 at 12:36 PM Report abuse +1 rate up rate down Reply
Mike

Fed res dollar printing has increased to keep up with US treasury's need for them as debt buyer of last resort. Euro is doing same for their debt but doesn't hold the luxury as world's res currency. Fed exports inflation to the world, Euro can't & WILL hyper inflate to ZERO. Europe WILL run to the dollar as others trade for gld/slvr. Even with a small demand increase gld/slvr price WILL rise outside the fed's ability to keep suppressed & dollar WILL start its final fall, world WILL panic & gld/slvr will BE the only reserve currency, again. World fiat system is collapsing & we face deep depression. Got Gold? China & India does, why's that you figure?

January 01 2012 at 12:35 PM Report abuse +1 rate up rate down Reply
nxston08

All he had to do was to add a clause in his agreement of sale that if the bank did not close within 30 days(and tell the bank that) that he could go to another bank to secure a loan(or very easily via the internet) . But he decides to kiss BofA's ass by continuing to beg for a loan via this silly stupid video..

December 31 2011 at 1:51 PM Report abuse rate up rate down Reply
billw2245

Anyone who banks or gets a loan with BOA or Chase deserves what they get, everyone knows there both crooks.

December 31 2011 at 7:48 AM Report abuse +1 rate up rate down Reply
jazzyg410

Could'nt help noticing All the priority postal boxes in the backgroung.They are free for the taking tiill it's time to ship them.BOA is helping him and he's helping the USPS with his business in shipping the' if it fits it ships boxes'.That's what business is all about one hand washes the other.The postal service should be out of the red with all that shipping?(..)BOA would be my last resort I 've had nothing but bad banking expriences with them to the point where I PIF and closed my accounts with them.

December 30 2011 at 3:37 PM Report abuse rate up rate down Reply
kevinfirsto

Try your local credit union! Almost anyone can join.

December 30 2011 at 12:57 PM Report abuse rate up rate down Reply
Mike

Fed res dollar printing has increased to keep up with US treasury's need for them as debt buyer of last resort. Euro is doing same for their debt but doesn't hold the luxury as world's res currency. Fed exports it's inflation to the world euro can't & WILL hypor inflate to ZERO. Europ will run to the dollar as others trade for gld/slvr. Even with small demand increase gld/slvr price rise outside the fed's ability to keep suprpressed & dollar will start its final fall, world WILL panic & gld/slvr will BE only reserve currency. World fiat monotary system is collapsing & we face deep depression. Got Gold? China & India does, why's that you figure?

December 29 2011 at 2:18 PM Report abuse rate up rate down Reply