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Bank of America Fraud

Bank of America
Refinancing Lawsuit

If you were a customer of Bank of America before Jan 1, 2009 suffered delays in refinancing due to Home Affordable Modification Program (HAMP) under the Making Home Affordable (MHA) plan... You may be entitled to compensation.

After a Department of Justice investigation, it was suggested that Bank of America either intentionally delayed or wrongfully denied the re-fi. There are reports of various "excuses" or "bogus reasons" as described by some, which caused the delay in refinancing. These delays caused monetary damage to homeowners' who simply wanted to refinance their homes and/or properties. Some of the homeowners we forced to foreclose on their homes due to these delays.

Bank of America Illegal ForeclosureHOWEVER, now there are lawsuits pending against Bank of America for falsely delaying/declining the refinancing requests. If you were wrongly delayed refinancing by Bank of America, you may be entitled to substantial compensation. Complete the form to have a legal professional review your claim and help assist in any possible refinancing claim. Our attorneys don't get paid, unless you get paid. There are no out of pocked costs to file a Bank of America refinancing lawsuit.

More Bank of America News

Bank of America is now back in the news regarding a new $12 fee for a checking account if you don't have a minimum daily balance of $1,500. This comes after a large tax break by our President which lowered the corporate tax rate to 21%. Bank of America CEO CEO Brian Moynihan, muttered some nonsense, while in Davos, noting that some how, the tax break and subsequent nickel and diming of poor people is good for the United States when viewed from overseas. Um, ok, but what about the poor people that got screwed over on a 12 dollar checking account, and/or the people that lost their homes due to apparent corporate greed?

In the Chicago Tribune report on the Bank of America Checking story, Dory Rand, president of the Woodstock Institute, a financial advocacy organization, said:

“The debate over Bank of America’s accounts and fees points to a larger economic justice issue — people with less income pay more to get cash, make payments, and conduct their business"

Stayed tuned for more from Bank of America, or contact one of our Refinance lawyers and stand up and fight.

What is Mortgage Fraud?

Mortgage fraud can refer to many different unscrupulous practice employed by the banking and mortgage industry. In short, mortgage fraud refers to the process of the mass production of false and forged execution of mortgage assignments, satisfactions, affidavits, and other legal documents related to mortgage foreclosures. This includes forging signatures on legal documents, notary fraud wherein notaries pre-notarize or post-notarize affidavits and the practice of bank employees signing off on important legal documents and affidavits without reviewing them to investigate their veracity. Anything done by the banking or mortgage industry that bypasses standard legal procedures in order to expedite or falsify a foreclosure could potentially be mortgage fraud. These practices within the banking and mortgage industry are often described using the catch all term, “robo-signing.”

There are many types of mortgage fraud litigation and they often operate independently of each other. Many law firms focus solely on ways to help keep homeowners in their home before the foreclosure process becomes final. While this is a valuable service for homeowners who have not yet been evicted, it offers no legal recourse for homeowners who have already been foreclosed on – many times through wrongful and illegal practices.

If your home was wrongfully foreclosed on, especially in the years 2009 and 2010, you could be entitled to money to compensate you for your losses. Many of the country’s largest banks have already admitted to wrongful foreclosure practices and reached a settlement with the federal government which created a $9.3 billion dollar fund to compensate victims of wrongful foreclosure. However, this is FAR LESS money than people are actually owed . Even if you have already received a check, you are likely entitled to significantly more money.



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