Plaintiffs was approved for a trial period plan (TPP) where they were to make three months of mortgage payments and were to receive a permanent modification thereafter. Plaintiff complied with all the terms and conditions of the TPP and made the payments for 15 months.
Bank of America did not provide Plaintiffs with a permanent modification after Plaintiffs complied with the TPP and Plaintiffs filed their lawsuit in December 2011.
LITIGATION SETTLED. SPECIFIC SETTLEMENT TERMS ARE CONFIDENTIAL. PLAINTIFF RECEIVED $277,549 PRINCIPAL REDUCTION