OMG, Bank of America to take over servicing of Taylor Beans 180,000 loan portfolio

Who makes these decisions?  Makes no sense.  I have not heard the name Bank of America (or Countrywide) with ANYTHING positive in over a year!

BofA is taking over these loans because they are one of the largest loan servicing operations, 180,000 isn't that many to add to what they already service.  Also, short sales and loan modifications aren't really loan servicing activities (though maybe they are beginning to be considered such).

Now that is a scary thought, and like everything in the short sale process, simply makes no sense.  Let the good times roll!

Out of the frying pan and into the fire?  Who is the genius that brokered that deal?

There was an old rhyme we used to say when we were kids about a kid named Peter Percival Patterson and his pet pig Porky who loved pies.  I remember the last line:

"Peter Percival Patterson's pet pig Porky ate so many pies, you know what he did?  He popped!"

Man I hope that BofA doesn't do the same.  It seems to be swelling to an enormous size at an alarming rate.  I guess the govt. is backing them up and they have become one of the "chosen" who will not be allowed to collapse.

Here's the whole rhyme:

 http://www.youtube.com/watch?v=erYIK-mich4

This is such bad news.  BOA is already huge - A HUGE PAIN!

BofA not user friendly? What....? ... no I'm just kidding.. I cringe when I get a short sale with BofA... But I have gotten a handful closed... and yes Rhonda BofA is a HUGE pain... here is some BofA advice....when you get a good negotiator...make sure to compliment them...and thank them... (do this for the not so good negotiator too and see the miracles this may work) also....ask the negotiator for the contact information of their superior such as email and phone number so that you can write your letter of recommendation for them.... then write their superior a short email about how great they are.... BIG BONUS and the main reason for you doing this is now you can start up a list of higher ups at the bank... when you run into problems try giving them a call or email... this could help you save a deal!!! Good luck all!!

Not all of Talylor Bean's files went to BoA. Here all of the files where I am went to a regional company (First Mortgage Company).