Previously: Bank of America: In January, the heat is on
Looks like this guess in my original posting about the Boehms was right on:
Who knows but what Bad for America strung the Boehms along for more than a year just to get that additional money out of them before finally cashing in its foreclosure chip.
HuffPost reports on a California homeowner who successfully sued Bank of America for exactly the kind of shenanigans it’s been pulling on the Boehms.
Graham, who lives in Big Bear City, Calif., applied for a loan modification under the Obama administration’s Home Affordable Modification Program, which is supposed to give eligible borrowers a “permanent” five-year modification if they make reduced payments during a three-month trial period.
Graham said his trial dragged on for 18 months. He said he made every payment until Bank of America told him in May that he didn’t qualify for HAMP, and that he’d lose his home unless he paid about $7,000 to make up the difference between his normal monthly payments and the reduced payments he made during the trial period.
“Each month when I did talk to them I was informed it’s still under review.”
B of A is already facing a racketeering lawsuit, but that’s for using perjured affidavits on foreclosure proceedings. It seems like Holder would have a slam/dunk case if he would also bring suit for the kind of thievery Bank of America has foisted on the Boehms and thousands like them.
And Attorney General Chris Koster could beat Holder to it if he’d bring suit here in Missouri.
(h/t to Adam Shriver for the HuffPost link)