BofA Hit With Class Action Suit; California Homeowners Claim Lender Stiffed Them On Reasonable Requests For Loan Mods Or Other Alternative Solutions

Consumer-rights class-action law firm Hagens Berman Sobol Shapiro LLP announces:

• California homeowners sued Bank of America on Tuesday claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, announces Hagens Berman Sobol Shapiro.

• The case, filed in U.S. District Court in Northern California, claims that Bank of America systematically slows or thwarts California homeowners' access to Troubled Asset Relief Program (TARP) funds by ignoring homeowners' requests to make reasonable mortgage adjustments or other alternative solutions that would prevent homes from being foreclosed. Hagens Berman filed a similar complaint in Washington state last month.

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• "Bank of America came up with every excuse to defer the Bayramian family from a home loan modification which forced them into foreclosure," said [the firm's managing partnet Steve] Berman. "And we know from our investigation this isn't an isolated incident."(1)

For more, see California Homeowners Sue Bank of America for Withholding Federal Bailout Funds.

For the lawsuit, see Bayramian v. Bank of America, N.A., and BAC Home Loans Servicing, L.P.

(1) The Hagens Berman law firm encourages homeowners in Washington and California with mortgages through Bank of America to contact them if they received an inadequate response from the bank for a home loan modification request after April 13, 2009. For more information or to join the lawsuit, please visit: www.hbsslaw.com.