Homeowners Claim Bank of America Schemed to Steal Their Homes

Alex Pickett-More than 100 florida homeowners claim bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit.. In a 300-page federal complaint filed tuesday in Orlando, the homeowners say Bank of America is guilty of fraud and unfair business practices that led to thousands of dollars in fees.

BofA Withheld Insurance Funds, Homeowners Claim. The plaintiffs accuse Bank of America of breaching mortgage agreements, unjust enrichment and conversion. They ask the Oklahoma federal court to award damages and attorneys’ fees and costs, to block Bank of America from future violations, and to set up a trust to benefit plaintiffs.

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Fed up with what they claim is a serious violation of their property rights — and sometimes outright theft — homeowners are fighting back. In the past five years, people in 31 states have filed more than 250 lawsuits against the six largest national companies that contract directly with banks to inspect and repair homes in some stage of.

Courthousenews.com This Monday July 18 2016 file photo shows the top of a Bank of America ATM booth in Woburn Mass. AP Photo Elise Amendola File CN More than 100 Florida homeowners claim Bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit.

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They’ll start claims for all of those charges to be reversed, but for Bank of America, they couldn’t begin the claim process until those charges had cleared out of my account. The only way they can reverse them before they clear is by contacting the merchant to try to get.

"My heart pretty much dropped to my stomach," Lidhar told Go Public from his home in Surrey. your account and the bank -.

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