Bank Of America - Paid principal down with insurance claim for roof repairs, when should have returned to consumer
This is really sad when big bank like you takes the repair money issued to consumer for roof repairs and applies it to principle of home loan and payments.
The house is still leaking while consumer has talked with everyone from India to America about the claim for insurance is to get the house FIXED!I don't think this should be legal and I know it isn't in the state of TX.
Bank of America should return all money to Homeowner that had continually paid for Insurance so if they should be a bad storm and damage occur, it is paid for with those benefits homeowner has already been paying for. This is just an injustice to those little people who can't afford big attorney's If this does get read I truly want a reply. Otherwise we are going to fight to the end for what is the right and proper was to pay for the home repairs that keep building, because repair money was put on the Principle instead of sent back to client(Homeowner) for repairs on the home.If I have to shout it from the mountain tops so that all hear the fraud that Bank of America does to the people that file Insurance claims on their home. I am very concerned for others also because when I called talked with lawyer, he mention this had just happened to someone else. It COULD happen to you to. Don't trust Bank of America with your home loan, they will only try to make it look like it is your fault when it is their very own fault. I feel sorry for companies that think they have to resort to dishonesty to get their own needs met. No matter whom or whom it may hurt. This is truly a sad statement for Bank Of America.We WILL continue the fight!!!
Concerned mother and friend,
Product or Service Mentioned: Bank Of America Loan.
Monetary Loss: $3.