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Bank of America Foreclosure Class Action
By Sarah Pierce
 

Bank of AmericaMissouri homeowners have filed a federal class action lawsuit against Bank of America and BAC Home Loans Servicing for refusing to participate in foreclosure prevention programs, despite taking $25 billion in Troubled Asset Relief Program money. The class action is one of several across the country alleging similar complaints against Bank of America and BAC.

 

The Missouri Bank of America class action lawsuit claims that by accepting the TARP money, Bank of America agreed to participate in at least one TARP-authorized program to minimize foreclosures. Companies that accepted money under the TARP are subject to mandatory inclusion in the Home Affordable Modification Program (HAMP) — a government program designed to stem the foreclosure crisis by providing affordable mortgage loan modifications and other alternatives to foreclosure to eligible borrowers, the lawsuit says.

 

“Bank of America signed a contract with the U.S. Treasury on April 17, 2009 agreeing to comply with the HAMP requirements and to perform loan modification and other foreclosure prevention services described in the program guidelines,” the BofA foreclosure class action lawsuit says. “Though Bank of America accepted $25 billion in TARP funds and entered into a contract obligating itself to comply with the HAMP directives and to extend loan modifications for the benefit of distressed homeowners, Bank of America has systematically failed to comply with the terms of the HAMP directives and has regularly and repeatedly violated several of its prohibitions.”

 

The Bank of America HAMP class action lawsuit, entitled Fraser v. Bank of America, N.A., is brought on behalf of all Missouri homeowners whose loans have been serviced by one or both of BofA and BAC, and who have not received a permanent modified loan, despite being eligible for one. The lawsuit is seeking an injunction against the defendants and damages.

 

A copy of the Bank of America Foreclosure Loan Modification Class Action Lawsuit can be read here.

 

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Updated December 28th, 2010

 

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12 thoughts onBank of America Foreclosure Class Action

  1. Diane Rakowiecki says:

    I want to be apart of this. There should be a CLASS ACTION LAWSUIT FOR THE MENTAL ANGUISH AND EMOTIONAL STRESS CAUSED BY BANK OF AMERICA!
    I PERSONALLY AND I’M SURE FOR SO MANY OTHERS THE MENTAL ANGUISH AND EMOTIONAL STRESS DID NOT STOP OR JUST GO AWAY once Bank of America was out of all of our lives! THE MENTAL ANGUISH AND EMOTIONAL STRESS FOR ME PERSONALLY CONTINUE’S, DAY AFTER DAY, NOT LIVING IN MY HOME THAT WAS EVERYTHING TO ME, BECAUSE OF HAVING THIS BANK TAKE IT FROM ME FOR NO REASON! THIS BANK TOOK MY HOME BY LYING DAY AFTER DAY TO ME 5 DAYS A WEEK FOR 6 YEARS! THIS BANK WOULD DRIVE ANY HUMAN BEING INSANE! BEING PUT THROUGH YEARS AND YEARS OF MENTAL ABUSE! THAT’S MENTAL ABUSE TELLING YOU LIES ON TOP OF LIES! MAKING YOU THINK YOUR GOING CRAZY, WHEN YOU KNOW YOUR NOT!
    6 YEARS OF MY TIME WASTED ON PAPERWORK BECAUSE OF BEING LIED TO, THAT EVERY SINGLE PAGE “WAS NOT RECEIVED!” THOUSANDS OF PAGES REFILLED OUT BY ME AND REFAXED FOR 6 YEARS! THOUSANDS OF PAGES OF PERSONAL DOCUMENTS I GATHERED AND FAXED WITH A CONFIRMATION AND EVERY SINGLE PAGE OF ALL OF THOSE DOCUMENTS I HAD TO REFAX I WAS LIED TO AND TOLD “THEY WERE NOT RECEIVED” OR TOLD A LIE THAT “WE NEED UPDATED DOCUMENTS” FOR 6 YEARS I WASTED MY TIME ON PAPERS! THAT IS MOST CERTAINLY MENTAL ABUSE!!!! I TOLD A WOMAN AT BANK OF AMERICA “I AM SENDING A CERTIFIED $9,000 CHECK TO PUT AN END TO THIS! I WANT MY LOAN. BROUGHT UP TO DATE AND MAKE SOME TYPE OF AN ARRANGEMENT.
    I AM NOT GOING THROUGH THIS ANYMORE,”. I mailed that check to the address and dept. I called A WEEK LATER to confirm they received it. I WAS LIED TO, I WAS TOLD “WE DIDN’T RECEIVE IT”. THAT RIGHT THERE IS ALSO MENTAL ABUSE! I BELIEVED THEM, I HAD PANIC ATTACKS AND COULDN’T SLEEP STRESSING OVER MY CERTIFIED CHECK FOR $9,000, STRESSING OUT NONSTOP OF NOT KNOWING WHERE IT IS OR WHAT HAPPENED! I CALLED EVERYDAY “WE DIDNT RECEIVE IT” I CONTINUED TO BELIEVE THEM! A couple months later I hired an attorney to help with this nightmare of getting a loan modification. I lost. BUT, my attorney asked about the $9,000, and there attorney had all of the info of when IT WAS RECEIVED A FEW DAYS AFTER I MAILED IT BY THE DEPT. I MAILED IT TO! THEY LIED TO ME DAY AFTER DAY FOR A COUPLE OF MONTHS SAYING THEY DIDN’T RECEIVE IT! THAT AGAIN, IS MENTAL ABUSE OF THE EMOTIONAL STRESS THEY PUT ME THROUGH FOR THOSE COUPLE OF MONTHS, AND AFTER FINDING OUT THEY LIED TO ME, THE EMOTIONAL STRESS AND ANXIETY WERE WORSE THERE AFTER AND STILL CONTINUE’S TO THIS DAY. OCTOBER 2019 I WAS FORCED OUT OF MY HOME BY BANK OF AMERICA FORECLOSING ON MY HOME AND SETTING A SHERIFF SALE DATE. THEIR MENTAL ABUSE TO ME FOR 6 STRAIGHT YEARS, 5 DAYS A WEEK CAUSED ME A LOT OF DAMAGE, EMOTIONALLY AND MENTALLY, AND I HAVE A LOT OF ISSUES TRUSTING ANYBODY, TO DO WITH BUSINESS AND SADLY EVERYONE; FAMILY AND FRIENDS. THAT BANK DOESN’T DESERVE “AMERICA” IN THERE BANK NAME! THERE IS ABSOLUTELY NOTHING AMERICAN ABOUT ANY OF THEM OR THAT BANK!!!! “BANK OF DEMONS” WOULD BE MUCH, MUCH MORE FITTING FOR ALL OF THEM AND THAT BANK!!!!! “I’m in an apartment, based off of 6 years of my mortgage company lying to me.” WHO IN THE RIGHT MIND WOULD THAT MAKE ANY SENSE TO?????

  2. Diane Rakowiecki says:

    Did this expire? If so when? There should be a CLASS ACTION LAWSUIT FOR THE MENTAL ANGUISH AND EMOTIONAL STRESS CAUSED BY BANK OF AMERICA!
    I PERSONALLY AND I’M SURE FOR SO MANY OTHERS THE MENTAL ANGUISH AND EMOTIONAL STRESS DID NOT STOP OR JUST GO AWAY once Bank of America was out of all of our lives! THE MENTAL ANGUISH AND EMOTIONAL STRESS FOR ME PERSONALLY CONTINUE’S, DAY AFTER DAY, NOT LIVING IN MY HOME THAT WAS EVERYTHING TO ME, BECAUSE OF HAVING THIS BANK TAKE IT FROM ME FOR NO REASON! THIS BANK TOOK MY HOME BY LYING DAY AFTER DAY TO ME 5 DAYS A WEEK FOR 6 YEARS! THIS BANK WOULD DRIVE ANY HUMAN BEING INSANE! BEING PUT THROUGH YEARS AND YEARS OF MENTAL ABUSE! THAT’S MENTAL ABUSE TELLING YOU LIES ON TOP OF LIES! MAKING YOU THINK YOUR GOING CRAZY, WHEN YOU KNOW YOUR NOT!
    6 YEARS OF MY TIME WASTED ON PAPERWORK BECAUSE OF BEING LIED TO, THAT EVERY SINGLE PAGE “WAS NOT RECEIVED!” THOUSANDS OF PAGES REFILLED OUT BY ME AND REFAXED FOR 6 YEARS! THOUSANDS OF PAGES OF PERSONAL DOCUMENTS I GATHERED AND FAXED WITH A CONFIRMATION AND EVERY SINGLE PAGE OF ALL OF THOSE DOCUMENTS I HAD TO REFAX I WAS LIED TO AND TOLD “THEY WERE NOT RECEIVED” OR TOLD A LIE THAT “WE NEED UPDATED DOCUMENTS” FOR 6 YEARS I WASTED MY TIME ON PAPERS! THAT IS MOST CERTAINLY MENTAL ABUSE!!!! I TOLD A WOMAN AT BANK OF AMERICA “I AM SENDING A CERTIFIED $9,000 CHECK TO PUT AN END TO THIS! I WANT MY LOAN. BROUGHT UP TO DATE AND MAKE SOME TYPE OF AN ARRANGEMENT.
    I AM NOT GOING THROUGH THIS ANYMORE,”. I mailed that check to the address and dept. I called A WEEK LATER to confirm they received it. I WAS LIED TO, I WAS TOLD “WE DIDN’T RECEIVE IT”. THAT RIGHT THERE IS ALSO MENTAL ABUSE! I BELIEVED THEM, I HAD PANIC ATTACKS AND COULDN’T SLEEP STRESSING OVER MY CERTIFIED CHECK FOR $9,000, STRESSING OUT NONSTOP OF NOT KNOWING WHERE IT IS OR WHAT HAPPENED! I CALLED EVERYDAY “WE DIDNT RECEIVE IT” I CONTINUED TO BELIEVE THEM! A couple months later I hired an attorney to help with this nightmare of getting a loan modification. I lost. BUT, my attorney asked about the $9,000, and there attorney had all of the info of when IT WAS RECEIVED A FEW DAYS AFTER I MAILED IT BY THE DEPT. I MAILED IT TO! THEY LIED TO ME DAY AFTER DAY FOR A COUPLE OF MONTHS SAYING THEY DIDN’T RECEIVE IT! THAT AGAIN, IS MENTAL ABUSE OF THE EMOTIONAL STRESS THEY PUT ME THROUGH FOR THOSE COUPLE OF MONTHS, AND AFTER FINDING OUT THEY LIED TO ME, THE EMOTIONAL STRESS AND ANXIETY WERE WORSE THERE AFTER AND STILL CONTINUE’S TO THIS DAY. OCTOBER 2019 I WAS FORCED OUT OF MY HOME BY BANK OF AMERICA FORECLOSING ON MY HOME AND SETTING A SHERIFF SALE DATE. THEIR MENTAL ABUSE TO ME FOR 6 STRAIGHT YEARS, 5 DAYS A WEEK CAUSED ME A LOT OF DAMAGE, EMOTIONALLY AND MENTALLY, AND I HAVE A LOT OF ISSUES TRUSTING ANYBODY, TO DO WITH BUSINESS AND SADLY EVERYONE; FAMILY AND FRIENDS. THAT BANK DOESN’T DESERVE “AMERICA” IN THERE BANK NAME! THERE IS ABSOLUTELY NOTHING AMERICAN ABOUT ANY OF THEM OR THAT BANK!!!! “BANK OF DEMONS” WOULD BE MUCH, MUCH MORE FITTING FOR ALL OF THEM AND THAT BANK!!!!! “I’m in an apartment, based off of 6 years of my mortgage company lying to me.” WHO IN THE RIGHT MIND WOULD THAT MAKE ANY SENSE TO?????

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