ED Magedson – Founder
Bank of America MortgageInternet United States of America
If you have a mortgage with Bank of America, check your statements from November 2009 onwards. This may just be a one time error, but I have noticed that the interest they are charging me for my mortgage loan is overhcharged at between $2.00 to $4.00 each month.
This overcharge started in November 2009. Before November 2009, the interest computation was 100% correct to the last penny.
If this overcharge is true for all the loans they're servicing, then just imagine $2.00 multipied by over a million loans each month !!! That means they have been overstating their income by millions of dollars each quarter !
I have brought this up to their attention. I honestly hope for their sake and for our country's economy that mine is an isolated case.
This report was posted on Ripoff Report on 07/16/2010 03:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-of-America-Mortgage/internet/Bank-of-America-Mortgage-Mortgage-BofA-charged-to-you-beginning-November-2009-Internet-623937. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.