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Simple BofA refi turns into foreclosure nightmare

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Uploaded by on Dec 9, 2010

A homeowner tells columnist David Lazarus that Bank of America refinanced her mortgage, then stopped taking her payments. Next, it threatened to seize her condo.
Read more at http://lat.ms/efG8Xp

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News & Politics

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  • plenty of great mortgage professionals that could have closed the refinacne in less than 30 days. I can bet the homeowner was greedy...

  • Same thing happened to us in NH. We were granted a forbearance and due to it not being processed properly, they preforeclosed on our 2nd mortgage and home equity line of credit. We never received ONE notice. NOT ONE! The auctioneer showed up at our house where tenants lived and started photographing the house. We lost our tenants because the attorney advised them to stop paying us rent because it would be foreclosed upon.

  • Bank of America is a fraudelent enterprise. It's part of the Wall St bankster cabal that collasped the US economy in 2008. These banksters are sucking the financial health out of the American economic system. Directors and officers should be indicted, tried, and sentenced at the very least.

  • More information is needed... BofA has been a good bank to many! Their policies are pretty fair.

  • This business behaviour of BofA is unacceptable!

  • I thought the title said DotA. Silly me.

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