The Resolution Law Group: Bank of America’s mortgaging servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure.

Bank of America’s mortgaging servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure.

That isn’t “news” worthy of a press release. Anyone paying attention already knows all of this to be true.

The news is that six former Bank of America employees submitted sworn affidavits in a civil lawsuit pending in Federal Court in Massachusetts that confirmed that Bank of America engaged in deceptive practices to string along homeowners.

Geoffrey Broderick, the senior partner of the Resolution Law Group says, “We continue hear these types of stories every day about homeowners who have been frustrated by the process of trying to negotiate a loan modification.” Broderick added, “The sworn affidavits confirm what we already knew. Perhaps, now, Bank of America will be held accountable for its shameful conduct.”

Mr. Broderick adds that “The housing market will continue to suffer until it is fixed by the Courts or the Legislature. Somebody has to fix the problem. That is why The Resolution Law Group continues its fight for homeowners. Homeowners cannot expect the problem to fix itself.”

The Resolution Law Group continues to prosecute ground breaking litigation in Federal Court on behalf of homeowners suing lenders and servicers for, among other things, the illegal use of MERS, robo-signing, and intentionally ignoring underwriting standards and encouraging inflated appraisals.

The Resolution Law Group is currently enrolling clients into the pending lawsuit. For further information, visit its website at www.TheResolutionLawGroup.com

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