Homeowners Claim Bank of America Schemed to Steal Their Homes

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More than 100 Florida homeowners claim Bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit. Read more

Banks that agreed to help troubled borrowers as part of a settlement with regulators over foreclosure misdeeds are spending most of the promised aid on sales that displace homeowners. Bank of America Corp., JPMorgan Chase & Co. (JPM), and three other banks in last year’s billion foreclosure-abuse settlement spent more than $13 billion through the third quarter of 2012 approving so-called short.

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Bank of America has reached a $17 billion agreement with federal and state regulators to settle investigations over faulty mortgage-backed securities sold before the 2008 financial crisis.

Some homeowners in Oklahoma are charging Bank of America (BAC) with withholding insurance payments they say are needed for property repairs. Cynthia and James Copher and James and Rosanna Richard allege in a lawsuit filed Thursday in U.S. District Court in Oklahoma City on behalf of themselves and other homeowners that the bank contravened mortgage agreements the borrowers say direct the.

Bank of America destroyed documents as borrowers tried to save their homes, suit says . Our firm represents a growing number of former Bank of America mortgage borrowers who were denied HAMP loan modifications from 2009 to 2014 and suffered a foreclosure.

Sue Bank of America for stealing homes. 369 likes. Bank of America is purposely misusing the loan modification process to increase revenue and foreclose.

 · Your Guide to the Latest Efforts to Hold Big Banks Accountable. the bank for allegedly delaying homeowners’ attempts to modify their loans and avoid foreclosure.. Bank of America claims.

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Homeowners Claim Bank of America Schemed to Steal Their Homes. The report, which was given to Congress, also expressed concern over the tens of thousands of application still backlogged and the possibility the bank may resort back to old habits to meet the program’s final deadline in September.

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