New York: Bank of America Mortgage Lien Release Class Action Lawsuit Settles, Make Your Claim
New York: Bank of America Mortgage Lien Release Class Action Lawsuit
For all persons who were the mortgagor party to a residential mortgage on real property located in New York State serviced by Bank of America for which all authorized principal, interest and all other amounts or otherwise owed by law was completely paid between July 12, 2010 and November 27, 2015, but Bank of America failed to present a certificate of discharge or satisfaction of mortgage within 30 days to the recording officer of the county where the mortgage was recorded, then you are eligible for a potential award from the Bank of America Mortgage Lien Release Class Action Lawsuit. According to the lawsuit, BofA allege that the bank neglected to present documentation that their mortgages had been fully satisfied to the recording officer in the New York State. Bank of America has continued to deny the allegations set forth in the claims, however they have agreed to the settlement in order to avoid the further risk, expenses and delay of ongoing litigation. So if you are eligible, file a claim by 7/18/2016 to receive your potential award!
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