Ten Southwest Ohio Homeowners Demand Actual, Punitive Damages From BofA For Stiffing Them On Loan Modification Promises, Says Suit

In Cincinnati, Ohio, Business Courier of Cincinnati reports:

• Lawyers at the Legal Aid Society of Southwest Ohio have filed a lawsuit against Bank of America, alleging it failed to follow through on promises it made to modify mortgage loans. The lawsuit was filed on behalf of 10 Ohio homeowners who participated in a federal “borrower outreach” program in Cincinnati last October.

• Bank of America representatives agreed to modify their loans at the event, but it has never honored its commitments, the complaint contends. The homeowners relied on the bank’s promises and representations, missing out on other opportunities to address their financial problems, it said. The lawsuit was filed Feb. 10 in U.S. District Court for the Southern District of Ohio in Cincinnati.

• Mark Lawson is one of three lawyers at the Legal Aid Society representing the plaintiffs. The homeowners now face imminent foreclosure and damage to their credit ratings, he said in a statement. The lawsuit seeks a court order compelling Bank of America to modify the loans and to pay actual and punitive monetary damages.

Source: Ohio homeowners sue Bank of America over mortgage program.