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Federal law suit filed against Bank of America and Nationstar Mortgage, LLC
Las Vegas, NV. Homeowner Michael Bondi has filed a federal law suit against Bank of America and Nationstar Mortgage, LLC claiming Fraud, Civil Conspiracy, Misrepresentation, Violations of the Federal Fair Credit Reporting Act, and the Federal Fair Debt Collections Practices Act.

An 8 and ½ year battle over a foreclosed home loan has compelled Las Vegas resident Michael Bondi to file 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.

July 2013, Bondi contacted Nationstar Mortgage LLC and advised them of the status of the loan and the zero balance. Bondi provided copies of credit reports clearly showing a zero balance. After several months, Nationstar Mortgage LLC reviewed the account, agreed with Bondi, and sent him several letters stating that they would not collect from him and that his account was closed with a zero balance.

December 2013, Nationstar Mortgage LLC sent Bondi's account to their internal collection agency--Veripro Solutions--for further collection activity. Bondi then contacted Veripro Solutions and sent letters from Nationstar Mortgage LLC and copies of his credit report, clearly showing a zero balance.

January 2014, Veripro Solutions issues a letter to Bondi stating that they will close out his zero balance account and they will not take any further action against him or his credit report.

April 2014, Bondi's credit is destroyed once again. This time Nationstar Mortgage LLC, which clearly stated that Bondi had a closed account with a zero balance, now reported to the credit bureaus a "MAJOR DEROGATORY Charge Off" debt for over $69,000.00. Bondi's credit score dropped over 100 points. Bondi lost his credit card accounts, a new home loan, an auto loan, and suffered business losses due to inaccurate credit reporting from Nationstar Mortgage LLC.

July 2014, fearing that this situation would not end and would continue to get worse, Bondi filed a Federal Law Suit claiming damages in excess of $1 million.

December 2014, both BofA and Nationstar Mortgage LLC deleted all negative trade lines/accounts on Bondi's credit report, only after Bondi filed his federal law suit.

Bondi currently has over 1,000+ pages of letters, copies of credit reports, and other evidence to support his claims against BofA and Nationstar Mortgage LLC. Bondi is looking forward to his day in federal court to prove his allegations as stated above.

KTNV-LAS VEGAS, NV. ABC Channel 13 Chief Investigative Reporter Darcy Spears has investigated Bondi's story and aired it on TV July 9, 2015. Bondi is currently looking to air his story throughout the nation since he believes that there are other victims out there and that this story has a national media appeal to it.

COMMENTS (1)
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Jarvis
The BANKSTERS continue to commit fraud upon hardworking people and fraud upon the courts. The biggest Ponzi scheme the world has ever seen , where the Banksters created credit out of thin air, not for their borrowers, but for the banksters themselves via the Federal Reserve's magic check book, with no bank account behind it. The Bankster then loaned that imaginary money to people on the security of overvalued real property with the deliberate aim of reducing the artificially raised property prices and putting people out of work.People without income cannot pay their bills, so they were guaranteed they could steal all that real property from their rightful owners. Of course you would say to yourself, that makes no sense because the Banksters would lose money when foreclosing on the security , but you'd be wrong because the banksters insured the debt with an insurance company, but just forgot to tell the borrowers that. SO they knew they could not lose. Its what you might call having your cake and eating it too. You see, just secretly insuring the debt was the way they ensured that they lost no money. First they sold investors in Wall Street on the idea of using pensions and other fund moneys to invest in the profitable housing market. Then they sold homeowners on the idea of borrowing money against their rising property values, secure in knowing that they had artificially raised those prices and knew they could reverse that trend rapidly, when the time was right. Then they found another group of investors and sold them on insuring against the unlikely risk of those secure mortgages defaulting. But, as you know, they had already insured the downside risk. So they devised a new name that no one understood called the credit default swap. These were not insurance policies regulated by the states, but were unregulated securities sold on wall street to investors. So, once they got the business of insurance outside of the regulatory realm, it was no holds barred and they sold the same investment to up to 20 different groups in respect of every mortgage pool they pretended to create in the securitized mortgage scam.But people need to lose the mindset of someone who has been brainwashed by the garbage put out by government at state and federal level and echoed in the corporate owned media SO therefore, The banksters along side Freddie and Fannie, were and still are continuing to submit fraudulent documents to the courts in order to steal homes from homeowners. They and their substitute trustee lawyers (ie Samuel I White PC, just one of many ) are submitting FRAUDULENT papers to the courts in order to FRAUDULENTLY foreclose on homeowners across the nation. Mortgage notes with Forged Owners signatures and ta-da endorsements are being submitted to the courts in order to steal homes. Bank of america(or as they like to refer to themselves...fka countrywide) made a deal with the attorney generals to modify loans that they really had no right to modify as they were illegally acquired to begin with. They committed notary fraud, forgery, added fake endorsements and as their crimes began to come to light............they made a deal and instead of modifications (which they LED the homeowners to believe what was happening)....they handed the fraudulent documents over to Green Tree, soon to be called DiTech..corporate criminals are notorious for changing their names after lights shine on their crimes..., among others, to foreclose. Meanwhile, homeowners are the ones who are paying the price by having their homes taken because of felonies that are being committed . Fraud upon the courts, racketeering, forgery, wire fraud, notary fraud...pathetic, nauseating, and just all around disgusting. Wake up America. Wake Up.
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