Homeowner Wins Small Claims Suit Against Bank of America
Summary: This can't be a good sign for bank of america when they are losing in small claims court to homeowners. Basically BOA solicited this guy to go into the Home Affordable Mortgage Program (I sense a pattern here with HAMP and BOA, RICO anyone?) by Bank of America. He applied and then made reducded payments per BOA officials for the next three years all of them on time. BOA was supposed to get back to the homeownere in 3 months instead they took 3 years and then said he owed the difference of the reducded and regular payment immediately or would face foreclosure.
The homeowner decided to sue for that difference saying he had been strung along. The court agreed and he was granted, $7,595. Let see if BOA appeals.
No comments:
Post a Comment