ED Magedson – Founder
Bank of America100 N. Tryon Street, Charlotte, North Carolina USA
Bank of America Kenneth D. Lewis Insurance Ripoff by Bank of America Charlotte North Carolina
Recently had a fire in a building that I own. Had mortgage with Bank of America. Fire destroyed one apartment unit in the buidling. Had insurance through State Farm. They paid the insurance claim of $70,000. Bank of America was the co-signer for payment of the destroyed property.
I have already put in $35,000 of my money into rehabing this property and apartment. Bank of America is holding on to the check and has not released the check despite my talking to at least 10 people and going up the chain of command to obtain money or get reinbursed for what I already put out.
I continue to talk to people, but Bank of America has sent me a contract and is acting like it is there money and
is demanding 5 percent of the cost of rehabing the building; so they are not releasing the check and demanding
black mail money when the project is complete.
If anyone has suggestions please let me know
This report was posted on Ripoff Report on 07/31/2013 06:47 PM and is a permanent record located here: http://www.ripoffreport.com/reports/bank-of-america/charlotte-north-carolina-28255/bank-of-america-kenneth-d-lewis-insurance-ripoff-by-bank-of-america-charlotte-north-caro-1071918. 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.
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