Bank of America HAMP Loan Denials
Bank of America received over $336 billion dollars from the federal government during the real estate and financial crisis in 2008. In exchange, Bank of America agreed, in writing, to implement the Home Affordable Modification Program ("HAMP") in March of 2009 to assist millions of American homeowners facing foreclosure. Bank of America specifically agreed to use "reasonable efforts" to effectuate modifications of mortgage loans" that so qualified. Bank of America failed to follow through on its written promises and obligations.
What Is The Bank of America HAMP Loans Denial Case All About?
The federal government, through the Department of Justice, sued Bank of America in U.S. v. Bank of America, N.A., et al., Case Number 1:11-cv-03270 (E.D.N.Y.) in which a settlement provided that Bank of America pay back the government $1 billion and to "pay $7 billion in relief to struggling homeowners, borrowers and communities affected by the bank's conduct".
Do You Qualify For Compensation?
A class action lawsuit was also filed on behalf of all affected borrowers. The court ultimately ruled, however, that these suits were too individualized and therefore more appropriately brought as individual actions rather than as a class action.
Our Law Firm is now investigating and filing individual cases for mortgage borrowers who had a HAMP loan modification request denied by Bank of America and then were subject to a foreclosure action by the bank. If you or someone you know has had a HAMP loan modification denied by Bank of America and then lost their home in a foreclosure, contact us to determine if you have a viable claim.
A Litigation Firm With Experience You Can Rely On
Attorney Aaron Hemmings is experienced with HAMP claims with years of experience successfully representing individual plaintiffs against some of the largest corporate interests in America. Simply put, when you have justice on your side, it doesn't matter how many lawyers the other side brings into the courtroom. We never forget that your rights are equally important.
Don't Assume This Doesn't Mean You — It Will Cost You Nothing To Find Out
If you have lost your home in North Carolina to foreclosure by Bank of America, or have had your HAMP loan application denied, you owe it to yourself and your family to discuss the matter with attorney Aaron Hemmings as soon as possible. Please call our offices in Raleigh at 919-277-0161 or contact us by email.