Class-Action Lawsuits Against BofA Across the United States – Law Offices of Sergio Siderman, Counsel for Plaintiffs, Comments on the Case
Los Angeles, CA (PRWEB) August 07, 2013
Homeowners in Los Angeles have sued Bank of America and Nationstar Mortgage. In current court documents, both companies are alleged to have violated California Homeowners Bill of Rights (http://oag.ca.gov/hbor) with recent business practices, among other causes of action – including alleged conspiracy to commit fraud – leading to several lawsuits across the nation. (Court case: #2:13-cv-00729-MCE-AC)
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Case documents have shown that some Bank of America employees may have admitted to intentionally delaying modifications in exchange for bigger bonuses, and loan servicer Nationstar Mortgage may be participating in similar activity to maximize their fees and profits, sometimes at the expense of struggling homeowners, states attorney Sergio J. Siderman, counsel for plaintiffs in Massett v. Bank of America and Nationstar Mortgage.
According to the lawsuits presented thus far, BofA is alleged to have processed foreclosures on active duty soldiers while they were on deployment and possibly even families that met modification criteria but whose paperwork was lost by BofA employees,” Siderman says.
This follows closely behind another case, in which California homeowner Kevin Singh (HousingWire, May 8, 2013 – http://www.housingwire.com/news/2013/05/08/california-homeowner-bill-rights-blocks-bofa-foreclosure) successfully used the HBOR to protect himself from tactics witnessed in the current case against BofA, reference number #2:13-cv-00729-MCE-AC, US DISTRICT COURT Eastern District of California – Sacramento.
The HBOR is relatively new to California law passed in January 2013 but provides a welcome shift in the dynamic for homeowners, some of whom are struggling to keep their houses.
Bank of America may just be seeing the tip of the iceberg, as more citizens are providing new allegations and others begin to take advantage of protective laws like the HBOR.
Law Offices of Sergio Siderman
700 S. Flower St, Suite 2710
Los Angeles, CA 90017