Law firm files suit for BofA homeowners seeking modifications
The law firm of Hagens Berman Sobol Shapiro filed a class action lawsuit on behalf of homeowners alleging Bank of America ($13.780.27%) created an enterprise designed to defraud borrowers seeking loan modifications through the Home Affordable Modification Program.
The complaint claims the banking giant created a scheme that allowed it to deny help it promised to give thousands of customers in exchange for $45 billion in bailout funds.
“We believe that Bank of America gamed the system, perpetrating a fraud on both its customers and American taxpayers,” said Steve Berman, managing partner of Hagens Berman and one of the attorneys who filed the lawsuit.
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