Bank of America Home Loan Mortgage Modifications
2012 March 15
Audet & Partners, LLP is investigating allegations of wrongdoing connected to Bank of America “home loan modifications.” Based on information and belief, we are investigating allegations that Bank of America is mishandling such home loan modifications to existing home mortgages. According to our investigation, applicants are allegedly told to let their home loan (mortgage) lapse for three months to qualify for the program. Then, when the applicants attempt to qualify for the loan mod, they are told that they do not qualify for the modification to their home loan. Since, by definition, these are people who have had money problems, they are then unable to catch up on the loans, and eventually lose their house to foreclosure.