Foreclosure Settlement Bank of America

Hi I would like t have the information about the foreclosure agreement and also the details on how to check the eligibility?

You might be qualified to recover some cash from Bank of America (BOA) in the event that they attempted to abandon your home and you had issues when you made a concurrence with them to stop the dispossession.

It is safe to say that you are Eligible?

On July 6, 2015, the State of Vermont and Bank of America went into a Settlement Agreement and Stipulation ("the Settlement") settling claims identified with Bank of America's inability to conform to abandonment settlements with Vermont property holders.
Under the Settlement, you might be qualified to get remuneration from the settlement support if your response to each of the accompanying inquiries is "Yes":

Is it safe to say that you were named in an abandonment activity in a Vermont court with Bank of America?

Did you go into a concurrence with Bank of America to determine that abandonment activity?

Did Bank of America neglect to conform to at least one terms of that settlement identifying with the financing cost of the credit, the measure of the regularly scheduled installment on the advance, the term of the advance, or the presence or nonattendance of an inflatable installment?

Did any part of Bank of America's inability to agree to the settlement happen on or after April 4, 2012?

In the event that your response to any of the above inquiries is "No," at that point you are not qualified for an installment from the settlement support. On the off chance that your response to the greater part of the above inquiries is "Yes," at that point you may have a claim that is qualified for remuneration. You should round out the settlement guarantee shape.

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Answered By StudyChaCha Member