Did B of A Turn Tables in Loan Mods?


After entering the HAMP program with Bank of America a NY woman is facing foreclosure.  She has filed suit in Brooklyn claiming that the did not honor its agreement.

But in a class-action suit recently filed in Brooklyn federal court, Ms. Freeman and others allege the Bank of America turned the tables on them.

Despite making the appropriate trial payments, the bank’s subsidiary denied her a permanent loan modification, Ms. Freeman contends. That violated HAMP rules and put her back at square one.

Now, Ms. Freeman says she is living in limbo, and fears her home of more than 10 years will be sold at foreclosure.

Does B of A operate any differently here in Nevada?

Read it here.

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About rereno

Real estate investor
This entry was posted in Banks, Economy, Foreclosure, Real Estate and tagged , , , . Bookmark the permalink.

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