BofA Revokes Loan Modification Agreements Despite Having Collected Timely Payments On Reworked Terms, Complaining Homeowners Tell Florida AG

In South Florida, the South Florida Sun Sentinel reports:

• Hundreds of struggling Florida homeowners have filed complaints with Florida Attorney General Bill McCollum in the past year about failed or stalled home mortgage loan modifications with Bank of America. Angry borrowers, desperate to hold on to their homes, say they've made dozens of calls to their lender and spent months asking for a change in their loan terms, only to be denied or to learn that Bank of America revoked their loan modifications a few months after they reached a deal.

• "I wrote letters to the governor, I called the bank every single month," said Yvonne McBride, a disabled former state worker who received a loan modification for the Sunrise home she shares with husband Herman Acosta. But the bank retracted the deal after, she said, she'd paid more than $9,200 to cover mortgage payments through next January.

For more, see Hundreds of loan modification complaints filed against Bank of America (Hundreds of complaints about Bank of America have been filed with the Florida attorney general over mortgages and stalled loan modifications. Other major lenders have few complaints).

In a related post, see South Florida Couple Files Suit Against Lender, Saying B of A Welched On Loan Modification Agreement.