Keyword: bank of america
Man gets foreclosure notice for bank’s 80 cent typo
Bank error leads to near loss of a home Like millions of Americans, Tom Mudie was struggling to maintain his mortgage, so to avoid losing his home, he applied for and was approved for a mortgage modification through Bank of America that required timely payments for 90 days before it was made permanent. Mudie made his payments on time for ...
Viral video prompts Bank of America to finally close loan
“Close our loan!” Ken and Meredith Williams, like many Americans, applied for a mortgage and have experienced nothing but feet dragging on the part of their bank, but rather than get frustrated by the endless pushing back of closing dates and giving up, the couple has taken to the internet, launching a social media campaign to pressure the bank to ...
Homeowner sues Bank of America for mortgage mishandling
Indianapolis homeowner sues Indianapolis homeowner, Darryle Caines has filed a lawsuit against Bank of America, alleging that without explanation, his mortgage was raised $700 per month, violating various state and federal statutes. Caines moved into his Indiana home in 2007, agreeing to a fixed rate of 6.75 percent with monthly payments near $1,900, according to Fox 59. In 2008, he ...
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Bank of America to foreclose on former homeowner over a missing $1
A simple error no one will fix Shantell Curtis’ husband is a trucker which requires that the couple and their two young children move from time to time, and most recently, the family sold their Utah house in August 2010, went to the closing, signed all documents, sold the property and cut ties with Bank of America who held the ...
Bank of America foreclosing on home that no longer exists, no missed payments
Bank of America wrongfully foreclosing Bank of America is not new to wrongfully foreclosing on homes, but as seen in the video above, a Texas homeowner whose house was destroyed by Hurricane Ike in 2008 (yet continued to make his mortgage payments) recently discovered that Bank of America erroneously placed a homeowner’s policy on the non-existent property, mailed notices to ...
Couple never miss a mortgage payment, still hit with foreclosure notices
Wrongful foreclosures across the nation Over the years, we’ve reported on dozens of cases in which homeowners have been wrongly foreclosed upon because of bank errors or because of overzealous law firms stacking up stats or even because of the robosigning scandal where foreclosure papers were never manually reviewed by a person. Today, a different situation presents itself in the ...
Bank of America will no longer buy mortgages from other banks
The changing tide This week, Bank of America has said it will close its correspondent mortgage lending business by the end of the year which means they will no longer buy mortgages from other banks, effectively cutting half of their mortgage business, given that $180 billion worth of home loans came from the business in the last year alone. Reuters ...
Countrywide agents found to have unusual number of Wite-Out dispensers on desks
Hot water for Bank of America In 2007, prior to failing and being bought by Bank of America, Eileen Foster was promoted to the executive vice president role in charge of the company’s mortgage fraud unit, but no one told her that by doing her job and uncovering fraud, reporting it internally and being ignored, blocked, and shunned, that she ...
Homeowners take trash from foreclosure, deposit it at Bank of America
“We wanted to make a deposit.” “We wanted to make a deposit. Unfortunately they don’t want to take our deposit,” Boston resident Lisa Hines said of the ten large black trash bags residents collected from a deteriorating foreclosed home owned by Bank of America. This morning, 15 volunteers spent two hours cleaning up the Boston property and transported the trash ...
Widow fights back against aggressive Bank of America servicing tactics
Losing a spouse and dealing with a mortgage On August 2, 2010, Hawaiian homeowner Deborah Crabtree’s husband died of cancer, and as any widow or widower, she was left to put the family affairs in order, including their mortgage. According to court documents, for the last several years, the couple has paid their first mortgage ($467,400 in 2005) and second ...
Bank of America stonewalling mortgage probe says HUD
Bank of America versus the government According to the Housing and Urban Development (HUD), America’s largest lender, Bank of America “significantly hindered” a federal review of its foreclosures on loans insured by FHA. This isn’t the first time Bank of America has come under fire, as they have become the subject of various lawsuits from consumers for illegal foreclosures (lawsuits ...
Homeowners foreclose on Bank of America office, trend emerging
Bank of America illegally forecloses on homeowners We’ll preface this story by noting that the saddest part of all is that nothing about the video above and what we’ll report below is of any surprise to us and probably no surprise to you. Stories like these are pouring in and consumers are finding ways to get back at the banks ...
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