Bank Of America Offers Coronavirus Relief To Bank of America Mortgage Customers
Bank of America mortgage customers affected by the Coronavirus will be getting a break. The bank announced Thursday afternoon it was offering relief for consumers and small business clients impacted by the coronavirus.
According to the bank, Bank of America mortgage and home equity customers can request to defer their payments for up to 6 months while the virus crisis rages. The bank would then add the mortgage payments to the end of their loan.
Basically, borrowers can get a break on their payments but will have to make those payments eventually.
Bank of America stated the payment deferral will be available on a case-by-case basis. The bank stated the payment deferral program can also be extended on a month-to-month term.
Did Bank of America Foreclosure Mill Alter Mortgage Documents In A Foreclosure Case?
MFI-Miami has busted a suburban Milwaukee foreclosure mill for filing altered mortgage documents as evidence in a foreclosure case. The Bank of America Foreclosure Mill is BP Peterman Law Group. BP Peterman Law Group was representing Bank of America in a foreclosure action against Dwayne Mosley.
Bank of America panicked after learning Mosley had hired MFI-Miami to investigate the file. As a result, they sold the mortgage to Carrington Mortgage Services during litigation.
Here’s what happened:
On February 20, 2018, BP Peterman filed a foreclosure complaint against Mosley in the Waukesha Circuit Court.
As in any judicial foreclosure, the lender’s lawyer must provide a copy of the mortgage along with mortgage assignments and the note with any allonges as exhibits in the complaint.
Bank of America Warning! Can Bank of America Validate Your Mortgage Debt? Probably Not!
Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Bank of America validates debt owed by homeowners. As a result, MFI-Miami has issued a Bank of America Warning to homeowners.
MFI-Miami CEO Steve Dibert:
Homeowners need to request their complete mortgage transaction histories from Bank of America and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!
MFI-Miami has examined nearly 150 transaction histories from mortgage loans currently serviced by Bank of America since 2015. Nearly 125 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described BofA transaction histories as everything from a mess to a trainwreck.