Follmer

"Rather than allocating adequate resources and working diligently to reduce the number of loans in danger of default by establishing permanent modifications, Bank of America has serially strung out, delayed and otherwise hindered the modification processes that it contractually undertook to facilitate when it accepted billions of dollars from the United States," says the complaint seeking class action filed in July by Teresa Follmer of Mesa, Ariz.

Lawsuits Reflect Widespread Frustration With Government's Mortgage Modification Program Arthur Delaney 2010

"Rather than allocating adequate resources and working diligently to reduce the number of loans in danger of default by establishing permanent modifications, Bank of America has serially strung out, delayed and otherwise hindered the modification processes that it contractually undertook to facilitate when it accepted billions of dollars from the United States," says the complaint seeking class action filed in July by Teresa Follmer of Mesa, Ariz.

Lawsuits Reflect Widespread Frustration With Government's Mortgage Modification Program The Huffington Post News Team 2010

"Rather than allocating adequate resources and working diligently to reduce the number of loans in danger of default by establishing permanent modifications, Bank of America has serially strung out, delayed and otherwise hindered the modification processes that it contractually undertook to facilitate when it accepted billions of dollars from the United States," says the complaint seeking class action filed in July by Teresa Follmer of Mesa, Ariz.

Lawsuits Reflect Widespread Frustration With Government's Mortgage Modification Program The Huffington Post News Team 2010

"Rather than allocating adequate resources and working diligently to reduce the number of loans in danger of default by establishing permanent modifications, Bank of America has serially strung out, delayed and otherwise hindered the modification processes that it contractually undertook to facilitate when it accepted billions of dollars from the United States," says the complaint seeking class action filed in July by Teresa Follmer of Mesa, Ariz.

Lawsuits Reflect Widespread Frustration With Government's Mortgage Modification Program Arthur Delaney 2010

After Follmer called the Arizona Department of Financial Institutions to complain, a Bank of America executive got in touch and initiated a long series of back-and-forth discussions.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010

The bank then advised Follmer to gather up her financial information again and resubmit her application.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010

When Follmer protested, she was told she could start her trial period all over again.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010

A week later, Bank of America sent Follmer a notice of its intent to foreclose on her home.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010

Many unhappy HAMP recipients have similar stories to the one outlined in Follmer's lawsuit: In response to the executive's request, Follmer compiled personal financial information and sent it to the bank, which acknowledged receipt the following day.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010

In May, Bank of America said it would foreclose because Follmer missed trial payments.

EXTEND AND PRETEND: The Obama Administration's Failed Foreclosure Program 2010