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Real Estate & Property Law

: The Home Equity Theft Reporter

Lawsuit Lists Economic Factors That Discourage Bank of America From Meeting Contractual Obligations Under HAMP By Facilitating Loan Modifications

By r morris

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In Phoenix, Arizona, Courthouse News Service reports:Despite pocketing $25 billion from the Troubled Asset Relief Program to help homeowners avoid foreclosure, Bank of America refuses to help its customers out because it makes money by turning them away, a class action claims in Federal Court. "Fees that Bank of America charges borrowers that are in default constitute a significant source of

Full post as published by The Home Equity Theft Reporter on July 12, 2010 (boomark / email).

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