Worst Bank in America - BANK OF AMERICA- Proposes Loan Forgiveness Deal

The Cherry Group, Coconut Grove's Real Estate Experts, just read on a real estate site GLOZAL.COM, that BOA is talking to both state and fed officials about cutting a deal to release them in a huge class-action if it reduces the amounts owed by troubled borrowers who got the run-around from them when shooting for loan modifications. BOA made our life hell for a year after repeatedly losing paperwork sent twice by FedEx and twice emailed. At the end of the day, they awarded a modification, only to withdraw it two weeks later, saying the underwriter didn't approve it. My own daughter, countless friends and clients have shared similar stories. The principal owed would have to be $1 million, or less in some geographic areas, and a reduction would apply to the bank's own mortgages and those it services for private investors. BOA is seeking in return indemnity from future claims. In The Cherry Group's Real Estate practice, I do everything possible to advise clients not to go near BOA.