Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say

BOAImageBank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.  The employee statements were filed late last week in federal court in Boston as part of a multi-state class action suit brought on behalf of homeowners who sought to avoid foreclosure through the government’s Home Affordable Modification Program (HAMP) but say they had their cases botched by Bank of America.   To read more of the story, click here.

Our law firm has been actively involved  in this case as we are representing all borrowers in the State of Alabama who entered into a Trial Payment Plan (TPP) with Bank of America.  To read for yourself exactly what those former employees were instructed to do by Bank of America to borrowers, click on one of the Exhibits below.