Nevada and Arizona have had enough of BoA’s antics. Both states have sued BoA for deceiving homeowners trying to get modifications. According to the complaints, BoA (falsely) told some homeowners they would not be foreclosed on while their loan modification applications were being reviewed, failed to act on the modifications within a specific time, made some other false promises to homeowners, and even sold borrowers’ homes while they were waiting for decisions on the modifications. Even better, all this happened
after BoA/Countrywide pomised the attorneys general of Nevada and Arizona – in 2009 – that they would behave themselves and help borrowers get the modifications they so desparately needed. Hey, if you don’t have a problem lying to the top attorneys in the state, you definitely won’t have a problem lying (again) to the same people who you suckered into those really ugly loans.
Anyway, so that’s all well and good for residents of Arizona and Nevada. What about Indiana? In 2009, Indiana also settled with Countrywide Financial Corporation, Countrywide Home Loans, and America’s Wholesale Lender regarding their (alleged) violations of Indiana’s Deceptive Consumer Sales Act and the Indiana Home Loan Practices Act. As part of this settlement, BoA/Countrywide also promised Indiana that it would help Hoosiers get modifications of their loans, too. If you have a loan originated by Countrywide or America’s Home Lender that is now being serviced by Bank of America, and you are having trouble getting a modification, file a complaint with the Indiana Attorney General. If the AG receives enough complaints, he might just file his own lawsuit against BoA.