Class Action Suit Against BofA For Deceptive Loan Mods Goes National
Las Vegas, NV (KTNV) – Nevada homeowners fighting Bank of America have a new weapon: a class action lawsuit that’s gone national.
Contact 13 Chief Investigator Darcy Spears has been exposing allegations of misconduct against B of A for more than a year. Tuesday she spoke to folks who finally feel there may be hope to save their homes.
“I tried to work with them every way I could,” says homeowner Leon Gauthier.
“They’ve been real disappointing. Very disappointing.” adds homeowner Boyd Bulloch.
Both men were on the verge of losing their family’s homes after fighting losing battles with B of A.
“I want to keep the house if I can. I’m 71 years old,” says Gauthier. “I just had never lost a house in my entire life, for 35 years, and it looks like I would have lost this one.”
77-year-old Boyd Bullock’s North Las Vegas home was on the brink of foreclosure before he joined the class action lawsuit. Now his foreclosure is frozen.
That’s an option that’s still open to any B of A homeowner in Nevada who wants to join the case.
The lawsuit, filed just a few weeks ago in Nevada, was based on allegations that B of A is in violation of Nevada’s Deceptive Trade Practices Act.
It’s now part of the sole nationwide case against Bank of America alleging wrongful acts while negotiating loan modifications.
“B of A, who we’ve sued amongst others, are still not complying with the federal law that they agreed to comply with when they took the $75 billion that was set aside as part of TARP for home modifications to save the homeowner,” explains Attorney Matthew Callister.
More than two dozen Nevada homeowners are already part of the now-nationwide class action suit.
B of A is accused of misleading consumers, stranding them without answers, making false promises to stop foreclosures, and falsely impacting consumers’ credit.
Darcy Spears: What do you think they need to be accountable for?
“For telling the truth the first time and then going ahead and following through with the documentation and close the loan and get your payments where you can live with them,” says Bulloch, the lead plaintiff in Nevada.
B of A tells Action News they won’t comment on specifics of this pending litigation. They have filed a motion to dismiss the national case.
To inquire about joining the class action lawsuit in Nevada, contact Callister and Associates at (702) 385-3343.
Via 13 Action news