The Home Equity Theft Reporter: BofA Revokes Loan Modification Agreements Despite Having Collected Timely Payments On Reworked Terms, Complaining Homeowners Tell Florida AG

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BofA Revokes Loan Modification Agreements Despite Having collected timely payments On Reworked Terms, Complaining Homeowners Tell Florida AG In South Florida, the South Florida sun sentinel reports: Hundreds of struggling Florida homeowners have filed complaints with Florida Attorney General Bill McCollum in the past year about failed or stalled home mortgage loan modifications with Bank of America.

BofA Revokes Loan Modification Agreements Despite Having Collected Timely Payments On Reworked Terms, Complaining Homeowners Tell Florida AG In South Florida, the South Florida Sun Sentinel reports: Hundreds of struggling Florida homeowners have filed complaints with Florida Attorney General Bill McCollum in the past year about failed or stalled home mortgage loan modifications with Bank of America.

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 · A widely watched index released in July showed home prices in May rose for the first time since 2006.Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, for a total drop of 41.7 percent.The drop in home prices is fueling a vicious cycle of foreclosures as it.

The state of Arizona has sued Bank of America, alleging that the bank has consistently misled consumers about its home loan modification process. Reuters ( Entire article ) The lawsuit, filed on Friday by Arizona Attorney General Terry Goddard , accuses Bank of America of violating the state’s consumer fraud act.

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