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Posted: 10/18/2014 6:58:27 PM EDT
[#1]
Sound suspicious and they serviced my mortgage 4-5 years ago before I refinanced. (ETA-I received a few scam fishing emails regarding my mortgage while with them)
I'd say take it down to a main branch office or call BOA directly (not the number on the letter you received) to confirm. |
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Posted: 10/18/2014 7:00:17 PM EDT
[#2]
Google search of that phone number does not match it to anything BofA.
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Posted: 10/18/2014 7:05:02 PM EDT
[#3]
Go down to your local branch and ask. Sounds suspicious. Good luck.
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Posted: 10/18/2014 7:06:05 PM EDT
[#4]
I got a couple hundred $$. Didn't know why.
Didn't ask 
This was long ago |
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Posted: 10/18/2014 7:12:07 PM EDT
[#5]
Cash it at your local Bank Of America.
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Posted: 10/18/2014 7:45:49 PM EDT
[#6]
Quote HistoryQuoted:
Cash it at your local Bank Of America. I like this idea. I will be going to a local branch on Monday and talking with a branch manager to verify legitimacy. If good to go then goo bye current mortgage, hopefully. Posted Via AR15.Com Mobile |
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Posted: 10/18/2014 8:01:06 PM EDT
[#7]
Whenever I receive any type of letter or email regarding any type of financial matters I always call the numbers on my bank cards or the listed number of the institution. Never call the numbers that come in a letter or email as they could be a scam phishing for information.
If you just refinanced your home a few years ago but have already paid enough interest that was not supposed to be paid then you must have been paying one heck of a monthly payment. As they say, if it sounds too good to be true....... |
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Posted: 10/19/2014 1:15:12 AM EDT
[#8]
Quote HistoryQuoted:
Whenever I receive any type of letter or email regarding any type of financial matters I always call the numbers on my bank cards or the listed number of the institution. Never call the numbers that come in a letter or email as they could be a scam phishing for information. If you just refinanced your home a few years ago but have already paid enough interMonday hissingot supposed to be paid then you must have been paying one heck of a monthly payment. As they say, if it sounds too good to be true....... When I was deployed, my wife paid double the monthly payment. She always called it in and specified that the extra was to go to principal. She told me that the intrest rate was always incorrect and she had to fight with them every month to reduce it per the Soldiers and Sailors Relief Act. Anyways, Im not taking the wording of the letter and number at face value. We are going into a BofA branch on Monday to speak with the branch manager to verify validity. If valid and green across the board we will be walking out with cold hard cash. |
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Posted: 10/19/2014 2:18:07 PM EDT
[#9]
No one else knows anything about these account review refund checks?
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Posted: 10/19/2014 9:16:17 PM EDT
[#10]
Bump for the night crew
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Posted: 10/19/2014 9:59:46 PM EDT
[#11]
I received the same thing today. I'm calling BOA 1st thing in the morning. I wasn't expecting a check at all and for this amount seems very suspicious! It says that they may not have provided me with the level of service that I deserve and they're providing me this check...smh...Then it says that there's nothing I need to do other than cash my check...I definitely think it's fake.
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Posted: 10/19/2014 10:04:03 PM EDT
[#12]
Quote HistoryQuoted: I received the same thing today. I'm calling BOA 1st thing in the morning. I wasn't expecting a check at all and for this amount seems very suspicious! It says that they may not have provided me with the level of service that I deserve and they're providing me this check...smh...Then it says that there's nothing I need to do other than cash my check...I definitely think it's fake.  |
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Posted: 10/19/2014 11:26:35 PM EDT
[#13]
There's no fine print on he back that says if cashed you agree to the terms and conditions of a second mortgage loan?
Knowing how BOA works (their screw ups) it's probably legit - I hope you guys found your money. |
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Posted: 10/19/2014 11:28:12 PM EDT
[#14]
Quote HistoryQuoted:
There's no fine print on he back that says if cashed you agree to the terms and conditions of a second mortgage loan? Knowing how BOA works (their screw ups) it's probably legit - I hope you guys found your money. we no longer have a mortgage through BofA. We rrefinanced about 3 years ago. |
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Posted: 10/19/2014 11:30:40 PM EDT
[#15]
If I remember correctly I think there was a thread in Team some time ago about a similar situation. Member had been getting fucked over by BOA for a number of years in regards to their incorrect interest rate, BOA got called out in a class action lawsuit or some such litigation and slowly was going through adjusting accounts and cutting refund checks. Some were sizable and others not so much.
BOA sucks donkey dick, wouldn't surprise me if it was legit, and they had gotten their dick smacked again and you get to profit. |
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Posted: 10/20/2014 2:56:56 PM EDT
[#16]
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate.
Maybe the wife will let me have an M-16! 
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Posted: 10/20/2014 3:00:07 PM EDT
[#17]
I got a couple checks from them after a settlement for tye way they were charging overdraft fees. I didn't know about the suite but got the money anyway and haven't been a custom in over a decade.
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Posted: 10/20/2014 3:04:56 PM EDT
[#18]
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Posted: 10/20/2014 3:08:54 PM EDT
[#19]
Quote HistoryQuoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
Good to hear, congrats! |
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Posted: 10/20/2014 3:13:04 PM EDT
[#20]
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check...
Sounds like you got a nice sum, OP! |
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Posted: 10/20/2014 3:14:45 PM EDT
[#21]
Quote HistoryQuoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice "higish" five figure surprise! I am opening up a new savings account with my current bank and let it sit till the end of the year just in case it is a well concealed scam. I have heard of Scammers sending random checks to people based off what personal information they can find such as address and account numbers. Once you deposit the check, they then have a routing and account number then they pull everything out of the account. |
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Posted: 10/20/2014 3:15:57 PM EDT
[#22]
Quote HistoryQuoted:
It is a really nice higish five figure surprise! Quote HistoryQuoted:
Quoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! Sweet! Go buy a machine gun. |
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Posted: 10/20/2014 3:17:39 PM EDT
[#23]
Quote HistoryQuoted:
It is a really nice higish five figure surprise! Quote HistoryQuoted:
Quoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! what, do you have a nda with them? why not just say what it is? |
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Posted: 10/20/2014 3:17:47 PM EDT
[#24]
Quote HistoryQuoted:
It is a really nice higish five figure surprise! Quote HistoryQuoted:
Quoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! Oh hell, yes. That is Class 3 money!
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Posted: 10/20/2014 3:18:51 PM EDT
[#25]
I am opening up a new savings account with my current bank and let it sit till the end of the year just in case it is a well concealed scam. I have heard of Scammers sending random checks to people based off what personal information they can find such as address and account numbers. Once you deposit the check, they then have a routing and account number then they pull everything out of the account.
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Posted: 10/20/2014 3:19:55 PM EDT
[#26]
Quote HistoryQuoted:
what, do you have a nda with them? why not just say what it is? Quote HistoryQuoted:
Quoted:
Quoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! what, do you have a nda with them? why not just say what it is? Over 50k under 90K
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Posted: 10/20/2014 3:27:36 PM EDT
[#27]
Pay off any bills it will cover or put it towards your mortgage principal. No telling what the future will hold with the Kenyan as president. Save a couple thousand out of it for the wife to use.
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Posted: 10/20/2014 3:30:14 PM EDT
[#28]
As a BAC shareholder it makes me very happy to know that at least some of the money taken by the .gov is going to the right place.
Thank you for your service. |
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Posted: 10/20/2014 3:33:32 PM EDT
[#29]
Quote HistoryQuoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
LOL Goes from mentioning paying off mortgage in op to instead buying an M-16 with new found wealth. That's true Arfcom style. 
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Posted: 10/20/2014 3:38:20 PM EDT
[#30]
Quote HistoryQuoted:
Over 50k under 90K Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! what, do you have a nda with them? why not just say what it is? Over 50k under 90K Your finances, they need a better watching of..... |
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Posted: 10/20/2014 3:43:35 PM EDT
[#31]
I think the mailman's here.... BRB
ETA: Whoo hoo!! Electric bill is down $10 this month! 
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Posted: 10/20/2014 4:29:52 PM EDT
[#32]
Quote HistoryQuoted:
LOL Goes from mentioning paying off mortgage in op to instead buying an M-16 with new found wealth. That's true Arfcom style.
Quote HistoryQuoted:
Quoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
LOL Goes from mentioning paying off mortgage in op to instead buying an M-16 with new found wealth. That's true Arfcom style.
I'm just kidding about the M-16. This money is going to sit in the new savings account we just opened until January 1st. Just being extra cautious is all. Our finances are in order and other than a couple of credit cards (we owe less than $1500) we have both vehicles paid off and no other debt. We are throwing every extra penny we have into our current mortgage and we are on track to pay it off in 6.5 years. Our only extravagant expense is bi-monthly movies at the Alamo Drafthouse, I get $250 a month "allowance" for my gun hobby. I usually ony spend $150 of that. I always bring my lunch to work consisting of leftovers. Once we pay off all the bills for the month, after we have paid at least double our mortgage payment, we zero out the checking account and roll that into the mortgage account. Current bills are easily manageable on our current income so we aren't hurting for this windfall in any way. |
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Posted: 10/20/2014 4:35:41 PM EDT
[#33]
Quote HistoryQuoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
So, the refund is from Bank of America, but the check is written off a US Bank account, interesting. What was your rate on your B of A mortgage? |
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Posted: 10/20/2014 4:37:23 PM EDT
[#34]
Dude, freaking congrats on that!
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Posted: 10/20/2014 4:47:57 PM EDT
[#35]
Quote HistoryQuoted:
I'm just kidding about the M-16. This money is going to sit in the new savings account we just opened until January 1st. Just being extra cautious is all. Our finances are in order and other than a couple of credit cards (we owe less than $1500) we have both vehicles paid off and no other debt. We are throwing every extra penny we have into our current mortgage and we are on track to pay it off in 6.5 years. Our only extravagant expense is bi-monthly movies at the Alamo Drafthouse, I get $250 a month "allowance" for my gun hobby. I usually ony spend $150 of that. I always bring my lunch to work consisting of leftovers. Once we pay off all the bills for the month, after we have paid at least double our mortgage payment, we zero out the checking account and roll that into the mortgage account. Current bills are easily manageable on our current income so we aren't hurting for this windfall in any way. Quote HistoryQuoted:
Quoted:
Quoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
LOL Goes from mentioning paying off mortgage in op to instead buying an M-16 with new found wealth. That's true Arfcom style.
I'm just kidding about the M-16. This money is going to sit in the new savings account we just opened until January 1st. Just being extra cautious is all. Our finances are in order and other than a couple of credit cards (we owe less than $1500) we have both vehicles paid off and no other debt. We are throwing every extra penny we have into our current mortgage and we are on track to pay it off in 6.5 years. Our only extravagant expense is bi-monthly movies at the Alamo Drafthouse, I get $250 a month "allowance" for my gun hobby. I usually ony spend $150 of that. I always bring my lunch to work consisting of leftovers. Once we pay off all the bills for the month, after we have paid at least double our mortgage payment, we zero out the checking account and roll that into the mortgage account. Current bills are easily manageable on our current income so we aren't hurting for this windfall in any way. You guys sound like you're in good shape financially, congratulations! |
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Posted: 10/20/2014 5:16:54 PM EDT
[#36]
Quote HistoryQuoted:
So, the refund is from Bank of America, but the check is written off a US Bank account, interesting. What was your rate on your B of A mortgage? Quote HistoryQuoted:
Quoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
So, the refund is from Bank of America, but the check is written off a US Bank account, interesting. What was your rate on your B of A mortgage? Got really hosed on the rate 8.5% (bad credit from prior divorce) and the Soldiers Sailors Relief act was supposed to bring it down to 6% when I was deployed but they never did. |
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Posted: 10/20/2014 5:20:29 PM EDT
[#37]
Quote HistoryQuoted:
Got really hosed on the rate 8.5% (bad credit from prior divorce) and the Soldiers Sailors Relief act was supposed to bring it down to 6% when I was deployed but they never did. Quote HistoryQuoted:
Quoted:
Quoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
So, the refund is from Bank of America, but the check is written off a US Bank account, interesting. What was your rate on your B of A mortgage? Got really hosed on the rate 8.5% (bad credit from prior divorce) and the Soldiers Sailors Relief act was supposed to bring it down to 6% when I was deployed but they never did. BOA owes you: [b]Servicer shall: (1) refund (with interest, as calculated pursuant to 28 U.S.C. § 1961) all interest and fees charged above 6%; and (2) provide an additional payment of $500 or triple the amount of the refund referenced in subsection (1), whichever amount is larger. 8 The compensation described in subsection (1) shall be distributed equally among all borrowers (including non-servicemember borrowers) on the note secured by the mortgage. The compensation described in subsection (2) shall be paid entirely to the servicemember. http://www.justice.gov/crt/about/hce/documents/scra_boa_servicing_agreement.pdf |
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Posted: 10/20/2014 5:24:12 PM EDT
[#38]
Well, you lucky SOB.
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Posted: 10/20/2014 5:26:12 PM EDT
[#39]
Quote HistoryQuoted:
Well, you lucky SOB. Several thousand other service members are also due refunds from BOA and numerous other banking companies. DOJ and CFPB had a lot of suits a few years ago about this. One of you tanks might want to post a thread in your subforum to help others check their records and get their refunds. |
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Posted: 10/20/2014 6:00:23 PM EDT
[#40]
Right now, with the stock market down ten percent, this would be a good time to start an IRA or other retirement vehicle. Or perhaps invest in dividend paying stocks. If your mortgage is in the 4% range, you'd be pissing that money away by paying your mortgage off. You can do better than 4% with it if you've got any sense.
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Posted: 10/20/2014 6:11:45 PM EDT
[#41]
Quote HistoryQuoted:
Right now, with the stock market down ten percent, this would be a good time to start an IRA or other retirement vehicle. Or perhaps invest in dividend paying stocks. If your mortgage is in the 4% range, you'd be pissing that money away by paying your mortgage off. You can do better than 4% with it if you've got any sense. That is actually a good idea. However this money is sitting in a savings account until January 1st just to be extra cautious. Read a few posts up for my reasons. |
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Posted: 10/20/2014 6:31:25 PM EDT
[#42]
Quote HistoryQuoted: Over 50k under 90K Quote HistoryQuoted: Quoted: Quoted: Quoted: Maybe that is why BOA sends me so much crap. They get me conditioned to run the refinance letters through the shredder 4 times a month, and if they send a check... Sounds like you got a nice sum, OP! It is a really nice higish five figure surprise! what, do you have a nda with them? why not just say what it is? Over 50k under 90K congrats |
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Posted: 10/21/2014 10:27:50 AM EDT
[#43]
Quote History87K, perhaps?
congrats Damn near! That would have been too awesome if it was $87K
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Posted: 10/29/2014 8:27:21 PM EDT
[#44]
Just wanted to update:
Check is authentic. Money is chilling in savings till the first of the year just to be extra cautious. |
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Posted: 10/29/2014 9:14:10 PM EDT
[#45]
Quote HistoryQuoted:
I'm just kidding about the M-16. This money is going to sit in the new savings account we just opened until January 1st. Just being extra cautious is all. Our finances are in order and other than a couple of credit cards (we owe less than $1500) we have both vehicles paid off and no other debt. We are throwing every extra penny we have into our current mortgage and we are on track to pay it off in 6.5 years. Our only extravagant expense is bi-monthly movies at the Alamo Drafthouse, I get $250 a month "allowance" for my gun hobby. I usually ony spend $150 of that. I always bring my lunch to work consisting of leftovers. Once we pay off all the bills for the month, after we have paid at least double our mortgage payment, we zero out the checking account and roll that into the mortgage account. Current bills are easily manageable on our current income so we aren't hurting for this windfall in any way. Quote HistoryQuoted:
Quoted:
Quoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
LOL Goes from mentioning paying off mortgage in op to instead buying an M-16 with new found wealth. That's true Arfcom style.
I'm just kidding about the M-16. This money is going to sit in the new savings account we just opened until January 1st. Just being extra cautious is all. Our finances are in order and other than a couple of credit cards (we owe less than $1500) we have both vehicles paid off and no other debt. We are throwing every extra penny we have into our current mortgage and we are on track to pay it off in 6.5 years. Our only extravagant expense is bi-monthly movies at the Alamo Drafthouse, I get $250 a month "allowance" for my gun hobby. I usually ony spend $150 of that. I always bring my lunch to work consisting of leftovers. Once we pay off all the bills for the month, after we have paid at least double our mortgage payment, we zero out the checking account and roll that into the mortgage account. Current bills are easily manageable on our current income so we aren't hurting for this windfall in any way. Good for you OP...great money management. It always makes me happy to see a family managing their finances responsibly. |
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Posted: 10/29/2014 9:33:27 PM EDT
[#46]
Quote HistoryQuoted:
Just wanted to update: Check is authentic. Money is chilling in savings till the first of the year just to be extra cautious. Nice. I got an account review refund check from Lowe's. I guess they didn't like the $0.03 I apparently overpaid on the account awhile back, so they sent me a check for $0.03. You're damn right I deposited it. 
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Posted: 10/29/2014 9:38:44 PM EDT
[#47]
Quote HistoryQuoted:
Nice. I got an account review refund check from Lowe's. I guess they didn't like the $0.03 I apparently overpaid on the account awhile back, so they sent me a check for $0.03. You're damn right I deposited it. Quote HistoryQuoted:
Quoted:
Just wanted to update: Check is authentic. Money is chilling in savings till the first of the year just to be extra cautious. Nice. I got an account review refund check from Lowe's. I guess they didn't like the $0.03 I apparently overpaid on the account awhile back, so they sent me a check for $0.03. You're damn right I deposited it. I bet you had to show two ID's and get the branch manager's approval first, am I right? |
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Posted: 10/29/2014 9:56:17 PM EDT
[#48]
Quote HistoryQuoted:
I bet you had to show two ID's and get the branch manager's approval first, am I right? Quote HistoryQuoted:
Quoted:
Quoted:
Just wanted to update: Check is authentic. Money is chilling in savings till the first of the year just to be extra cautious. Nice. I got an account review refund check from Lowe's. I guess they didn't like the $0.03 I apparently overpaid on the account awhile back, so they sent me a check for $0.03. You're damn right I deposited it. I bet you had to show two ID's and get the branch manager's approval first, am I right? LOL thankfully no. Mobile deposit through my phone.
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Posted: 11/8/2014 3:20:55 AM EDT
[#49]
I got the same check. For a large amount too. I was deployed this year and switched my account to a military account through the SRCA department. I looked around the web and it claims to be legit. But i'm still going to the branch and ask.
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Posted: 11/8/2014 4:03:55 AM EDT
[#50]
Quote HistoryQuoted:
Well folks, just got back from BofA. I brought with me the letter and check and an old mortgage statement from our last payment to BofA before we refinanced. The rep that was assigned to help me made several calls to different departments and even calling US Bank where the check was drawn out of, the checks are verified legitimate. Maybe the wife will let me have an M-16!
Even if they're legit (the checks), you should demand documentation on how the amount was calculated. I wouldn't put it past those bastards to send out lowball checks hoping that people accept them as full satisfaction. And BoA has a history of crappy accounting so even if they aren't trying to lowball, they could easily have screwed up the math. |
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