Contact: John Reid, 203-745-1251
NEW HAVEN, Conn., Aug. 31, 2012 /Standard Newswire/ -- If Bank of America has in the past or is now allegedly demanding that you sign a "Borrower's Rights Waiver" as a requirement for a modification, you are urged to contact the (FTC), Federal Trade Commission immediately at this URL link.
We urge you to act if you were allegedly denied the modification after signing and foreclosure proceedings commenced or if you didn't sign and you are allegedly facing foreclosure. When filling out the complaint form please enter in the description the following FTC Ref. No. 32035426 if you wish to enter a complaint regarding the Borrower's Rights Waiver Agreements. The FTC does not act on an individual complaint but will, when there is a pattern of possible multiple violations developing. The FTC also provides much needed information on how to deal with debt collectors including what steps you should take if you are abused in any way.
We also urge you to also contact your state Attorney General if you have a grievance of any kind with a lender, servicer or debt collector.
In addition to the above problem, there is another alleged problem that has surfaced. If you were in the process of a modification by Bank of America and your loan was suddenly sold to another servicer such as: Select Portfolio Servicing, Ocwen Financial, etc., you may qualify for a class action if deemed necessary by the FTC, as many people have already reported that they were allegedly denied a modification from the new servicers, as they, the new servicer can't honor any previous agreements made with Bank of America. Many people have been contacting us and they are frantic about this newest development.
If the media has any questions or additional information, you are invited to call us.
Please sign the petition below to help a woman save her home. She and her husband are facing foreclosure but they still lend a helping hand to other homeowners at no charge to provide them with information and moral support.