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Federal Lawsuit against Bank of America & Nationstar Mortgage gets massive media coverage

digitaljournal.com | August 14, 2015

Michael Bondi filed a Federal Law Suit Against Bank of America and Nationstar Mortgage, LLC Claiming Fraud, Civil Conspiracy, violations of the Federal Fair Credit Reporting Act, Federal Fair Debt Collections Practices Act, and Misrepresentation. His story has drawn nationwide attention.

Las Vegas, Nevada – August 13, 2015 – An 8 and ½ year battle over a foreclosed home has Las Vegas, NV. Resident Michael Bondi filed a Federal Law Suit against Bank of America, N.A. and Nationstar Mortgage LLC. The lawsuit claims Fraud, Civil Conspiracy, violations of the Federal Fair Credit Reporting Act, Federal Fair Debt Collections Practices Act, and Misrepresentation.

Bondi's problems started with Bank of America in 2008 when BofA took over Bondi's Countrywide Home Loan. Bondi was in a car accident in 2007, leaving him unable to work and losing his savings. Bondi had over 5 valid short sale offers on his home that BofA refused to accept because Bondi would not sign a blank Promissory Note. Bondi's home was ultimately foreclosed in June of 2009.

Bondi continued to have several problems with BofA after the foreclosure. BofA incorrectly reported Bondi's credit as an "Open foreclosure" which made it appear Bondi was still missing monthly payments on a home that he no longer owned. Bondi contacted BofA a year after the foreclosure in 2010. Bondi found several violations of Federal Law, about which he confronted BofA. BofA in an effort to avoid litigation from Bondi, offered to correctly zero out Bondi's credit report and to change his report as a foreclosure with a zero balance, per Federal Law.

Bondi's updated credit report reflected and showed a ZERO BALANCE and "Closed Foreclosure Status" for over 3 years until June 2013. Bondi received a letter from BofA stating that his loan was going to be sold to Nationstar Mortgage LLC for collection purposes. Bondi contacted BofA's Office of the CEO and they confirmed that BofA records showed Bondi had a zero balance. BofA still sold Bondi's zero balance account with no explanation and no apology.

After being featured on KTNV Channel 13, (Las Vegas, NV. ABC Station) Bondi's story went viral on youtube.com and via multiple press releases to numerous media outlets. Bondi's story showed a pattern of federal law violations and other violations of state and federal laws throughout the country.

Bondi has received calls from Oregon, Arkansas, Maine, Nevada, California, Oklahoma, Tennessee, and Texas from other victims stating that they too have been the victims of fraud, misrepresentation and possible conspiracy claims. Bondi's Attorney Rebecca Fuller has also received numerous phone calls from other victims of Bank of America and Nationstar Mortgage, LLC. Fuller is now taking statements from other victims and is in the process of researching a class action law suit against both banks.

Bondi's youtube.com video can been seen here. Bondi is asking the public to share this youtube.com video via social media and if their story is similar to his, they should share their stories and reach out to their local news media, friends and family to cover this story and make it a national news item.

 

Back to August 2015 Archive

 

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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