Bank of America is to face a class action lawsuit in Miami accusing it of charging improper fees to homeowners who are facing disclosures, thereby making it more difficult for them to keep their homes. The suit was filed on behalf of two families that were foreclosed upon by the bank and whose homes have been sold at foreclosure auctions.
Bank of America is to face a class action lawsuit in Miami accusing it of charging improper fees to homeowners who are facing disclosures, thereby making it more difficult for them to keep their homes. The filing says the bank demanded customers who defaulted on their mortgages to pay unexplained estimated legal fees, despite mortgage contracts only allowing banks to charge fees actually incurred.