Be informed about Lender of America Mortgage Methods! Bank of America has dedicated mortgage-fraud within our house loan agreement by altering the standing of our loan kind and framework of the mortgage, by the addition of PMI, "AFTER" the final, and without notice they were altering our loan within thier program! Plus they most definitely did this to thousands, or even a large number of others throughout 2008 & 2009. Should you not spend PMI to Lender of America, you then have to perform a comprehensive study of your mortgage files and operate the numbers via an amorization calculator. There are 3 various ways they might have determined your mortgage. I would recommend working all 3. We discovered the difficult means our mortgage kind was transformed whenever we attempted to refinance our present mortgage with another lender! We'd previously paid for that evaluation ($350.00 pounds) and also the new lender was tugging the payofff quantity and unearthed that inside the BoA program, the kind of mortgage we'd was really diverse from that which was on our mortgage files. Once I approached Lender of America about that they mentioned they had paid for that PMI issucance "AFTER" our final. The PMI division at Bank of America subsequently mentioned in my experience that PMI expenses were included into our RATE and that's why the percent fee is greater. I subsequently went the numbers and affirmed the distinction within the interest rate within the existence of the mortgage found inside a few bucks of the total amount that BoA had allegedly paid for, but had really billed to us within the yearly percent price! I've produced grievances towards the regulatory agencty that controls National Banks, the "Comptroller of the Currency Manager of National Banks or OCC", they delivered the criticism towards the lender, the bank replied and evidently aimed them-not to go over or launch any ionformation in my experience about that problem. I've also submitted a criticism about that using the Tx attorny Generals Office. Should you believe that you're a target of the scam as well, you are able to document grievances on line as well. Please achieve this which means this could be halted before other people if scammed by Lender of America!!
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