2013-08-06bankerandtradesman.com

``Lawyers for the plaintiffs allege that Bank of America deliberately lied, stonewalled, and mislaid documents in order to prevent homeowners who were successfully completing trial modifications from qualifying for permanent mods, enabling the bank to foreclose instead. If the plaintiff's lawyers are successful at turning the case into a class-action suit, a pool of approximately 300,000 homeowners who attempted to get HAMP mods from Bank of America might be covered by the suit, plaintiff's experts allege, greatly increasing the bank's liability.''



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