We get emails from blog readers. With thousands of visits per year, we are humbled by how far and wide our blog reaches. Often we hear how a particular post was circulated within a company. Thankfully, we are blessed with both great clients and a great audience of active readers.
Most of the mail about Bank of America comes from homeowners. Unfortunately, we simply can’t take every case although some of our best ideas come from folks who take the time to tell us their story.
Minutes ago I received an email from a person clearly unhappy with Bank of America. The words below are his / hers. (To protect the anonymity of those who write us, we are not sharing name, state of residence or gender reference.)
“You have shown the ability to process and enrich the analogous legal yellow cake, plutonium, uranium etc., inside the various cylinders that are now spinning. And that there is a fully functional delivery system that launches and pro pulses to their Charlotte shores.
Your client [XXXXXX] was a Hiroshima. They are praying there is not a Nagasaki coming and that their is also not an active laboratory led by AQ Khan experimenting with new legal weapons to assist homeowners and the Government entities. They should pay a lot to avoid Nagasaki for the honor of their Emperor. Japan did capitulate and they are now a friendly.
Peace through strength is how we get the treaty that is rightfully ours. Keep up the great work on behalf of [homeowners].”
As this email illustrates, Homeowners and the American public are fed up with the culture of greed and arrogance at Bank of America and certain other banks. We are too.
Although we can’t take even a fraction of the cases referred to us, we are always looking for class action and whistleblower opportunities. Occasionally, we can team up with local counsel and handle a particularly egregious case directly against a lender.
Everyone who is unfairly losing a home has a right to be concerned. Our advice for all those struggling is not to give up.
Unfortunately, many law firms are ill equipped to handle foreclosure defense. A Florida federal judge earlier this week granted a preliminary injunction sought by the Consumer Financial Protection Bureau against The Hoffman Law Group. The CFPB says that law firm is charging distressed homeowners fees for cases that have little chance of success.
If you have hired the wrong lawyer, keep looking. While bankruptcy may be the answer for some folks, if a bank treated you unfairly or acted illegally, bankruptcy may not be the best option. Find a lawyer that understands foreclosure defense and lender liability.
On the odd chance that this post is circulating through Bank of America, we ask that CEO Brian Moynihan stop making promises and start taking action. Things will not improve at the bank until the corporate culture improves and that means deep changes in management. It also means treating whistleblowers with respect.
Most of the whistleblowers we represent in big bank cases tried to get the attention of management and fix things internally. Only after they were ignored – or worse and suffered retaliation – did they seek us and file a False Claims Act case or FIRREA declaration.
If you are someone who works or worked inside Bank of America or other bank know of fraud and have been unable to effect change, give us a call. Whistleblowers under the Financial Institutions Reform Recovery and Enforcement Act (FIRREA) can be paid up to $1.6 million for their information. There is no limit on the amount that can be paid to whistleblowers under the federal False Claims Act. Several people last year received approximately $50,000,000.00 each for their information in the $16.65 billion Justice Department settlement with Bank of America.