the bank with a host of fraudulent and deceptive practices in its dealing with homeowners seeking loan modification. nevada attorney general katherine cortez-mosto ticked off some of the allegations in a press release today. among them, misleading consumers in false assurances their homes would not be foreclosed while their requests for modifications were pending, but sending foreclosure notices, schedule auction dates, and even selling consumers homes while waiting for decisions. misrepresenting to consumers that they must be in default on their mortgages to be eligible for modifications, when, in fact, current borrows are eligible for assistance. making false promises to consumers that their modifications would be made permanent if they successfully completed trial modifications, but then failing to convert these modifications. and falsely not anying consumers or credit reporting agencies that consumers are in default when they are not. in one case cited by terry goddard, a woman t
goddard, a woman twho called the bank to ask about her foreclosure was told that they didn t need to worry, that they would seen be getting information about their loan modification and there was a stop order on the foreclosure that had been issued. 24 hours, she learned her home had already been sold. and bank of america s response to the new york times was to express disappointment with the timing of the lawsuits. in addition to nevada and arizona lawsuits, iowa state attorney general tom miller continues to coordinate a 50-state negotiation into loan servicers documentation practices, practices that have led some servicers to attempt foreclosure on people who have already paid their mortgages in full. meeting with homeowners last week, miller flatly said, quote, we will put people in jail. describe the current dysfunctional and exploitative loan modification system as insane. joining now is arizona attorney general, terry goddard, the man who filed one of those lawsuits. thank