Bank of America under investigation

[Meredith B.]

Hi All –

Has anyone used BOA to refinance or purchase their home? There’s an interesting investigation against the company that claims BOA significantly overcharges homeowners for routine home-purchase appraisals.

I work with the law firm that’s investigating the practices - it’s a nationally recognized consumer-rights firm that takes on significant cases.

Anyone who’s used Bank of America could have significantly overpaid for their appraisal. Some homeowners claim they paid upwards of $400 and BOA often pays less than $150 for the work.

The markup is huge and means millions in extra profit at the expense of homeowners.

If you’re interested, check out the firm’s Web site at www.hbsslaw.com/BOAappraisals and join the investigation. It doesn’t cost you anything to join.