Bank Of America Institutes a Policy Of Lies And Deceit; Employees Reveal The Disturbing Truth

Ask
Steve

Bank Of America Institutes a Policy Of Lies And Deceit; Employees Reveal The Disturbing Truth

Written by  in category 
September 13, 2013

In June of 2013, homeowners all over the country were stunned when seven former Bank of America employees declared under penalty of perjury before the District Court of Massachusetts that Bank of America had made lying, deceiving, and bribing part of their home loan department policy.

Each employee described various deceptive practices Bank of America required of them when dealing with customers who were facing foreclosure and/or trying to obtain a loan modification. For example, one employee described denying modifications for hundreds of homeowners all at once simply because their applications had been on file for more than 60 days. Another employee stated that they were instructed to tell homeowners that they did not receive their email, fax, or FedEx even though their paperwork was entered in their file. Still more Bank of America employees were told to tell homeowners that their loan modification application was being reviewed even though no work had been done on it. Most shocking of all, some employees described receiving cash or gift cards for Bed, Bath, & Beyond, Target, and other retail outlets for meeting their quota on the number of loan modifications they denied in a period of time. The declarations further stated that for every ten homeowners they put into foreclosure, a bonus of $500.00 would be awarded.

This conduct is unquestionably reckless and cruel and amounts to fraud on a grand scale. United Law Center has been alleging the existence of this disgusting behavior for years, based on the testimony and other evidence presented by our clients. We encourage everyone to read through each of the statements linked below. If you read anything in these declarations that has happened to you in your communication with the bank, please contact United Law Center immediately! The actions described in these declarations are in violation of the Home Affordable Modification Program and the Homeowner Bill of Rights and can be used against the bank to stop your foreclosure and/or sue for fraud. Even if you have already been foreclosed on, you still have rights available to you to recover significant monetary damages for the injustice committed against you. Contact us today to schedule a free, no-limit consultation at 916-367-0622!

Please follow and like us:

140 Responses

  1. Very superb information can be found on site . “The American temptation is to believe that foreign policy is a subdivision of psychiatry.” by Robert Francis Kennedy.

  2. Legal says:

    Some truly nice and useful info on this internet site, likewise I conceive the layout holds excellent features.

  3. Education says:

    I have been surfing online greater than 3 hours nowadays, yet I never found any fascinating article like yours. It’s pretty worth sufficient for me. Personally, if all website owners and bloggers made excellent content as you did, the internet will likely be a lot more helpful than ever before. “Revolution is not a onetime event.” by Audre Lorde.

  4. Education says:

    fantastic points altogether, you simply won a emblem new reader. What might you suggest in regards to your submit that you made some days ago? Any sure?

  5. Education says:

    Thanks for the sensible critique. Me & my neighbor were just preparing to do some research on this. We got a grab a book from our local library but I think I learned more from this post. I am very glad to see such great information being shared freely out there.

  6. you are actually a excellent webmaster. The website loading velocity is amazing. It seems that you’re doing any distinctive trick. Furthermore, The contents are masterwork. you have done a wonderful process in this topic!

  7. you’re really a good webmaster. The website loading velocity is incredible. It sort of feels that you are doing any unique trick. Furthermore, The contents are masterwork. you have done a wonderful job on this subject!

  8. Fashion says:

    I love the efforts you have put in this, thanks for all the great blog posts.

  9. I’m also commenting to let you know of the useful encounter my wife’s daughter enjoyed visiting your web page. She even learned many pieces, with the inclusion of what it’s like to have an ideal helping mindset to let a number of people really easily comprehend some hard to do matters. You undoubtedly did more than visitors’ expectations. Many thanks for showing those warm and friendly, trustworthy, edifying and in addition fun tips on that topic to Jane.

  10. I’ve been absent for a while, but now I remember why I used to love this blog. Thanks, I will try and check back more frequently. How frequently you update your web site?

Leave a Reply

Your email address will not be published.

United Law Center Newsletter
=