Bank of America kept my husband and me tied up for 3 months, from December 17 to March 18, waiting to close on a small loan in the amount of $40,000 on a home short sale price of $54,000. We agreed to put an additional $10,000 down in the beginning of February, making the loan only $30,000, and were told we would close in one week if we did that. Then 3 weeks later we were told no. I contacted the regional manager of the bank in Reno, who called JulieDonald, who was the Loan Approval Dept manager, and then we were again accepted for the loan, but now they had to send the loan to their legal Project Approval Dept because the Heritage South HOA was in litigation with many other condo associations against another bank for not paying 9 months of HOA fees in foreclosure sales. This had ABSOLUTELY NOTHING to do with anything at all with our loan, but after 2 more weeks, we were denied for that reason. My husband and I own our large home free and clear, own another condo which is rented for $775.00 month, and have a land contract where we collect money every month for that. We owe nothing. If we cannot get a loan, who can? We are irate at our treatment by Bank of America. The American public bailed these banks out, and they were given money to assist people with buying homes, but they keep looking for any loophole so they do not have to loan money. We are going to lose our home because of them.