Vermont sues Bank of America over foreclosures

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MONTPELIER (AP) - Vermont's attorney general is suing Bank of America for alleged violations of Vermont's foreclosure mediation and consumer protection laws.

The suit by William Sorrell's office alleges the Charlotte, N.C.-based bank failed or refused to comply with mediation settlements in Vermont state court foreclosure actions to which it previously agreed.

Bank of America did not immediately respond to requests for comment.

The lawsuit says the bank billed homeowners in foreclosure for more money than their mediation settlements provided.

And it says Bank of America sent mailings to homeowners containing misrepresentations, including misrepresentations about the amount of money due the bank and the status of the foreclosure action.


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