Bank of America has deliberately used "bait & switch" tactics to lure in homeowners to make less then full mortgage payments by baiting them with promised reduced mortgage payments. Then they stretch out the Lower payment trial period for almost a year before they tell the homeowner that they do not qualify for the mortgage modifiocation program. Then they switch the hoeowner to foreclosure by demanding immediate back payments, plus late payment fees, plus other fees. As the homeowners credit has been destroyed there is no other source of hard money to borrow to pay the back debt and foreclosure is pushed by the bank to get the property.

Bank of America has been paid by the US Taxpayers to fund the loan modification program. Bank of America has used this money to avoid any losses on property it has foreclosed. Bank of America has improved it's profits by adding late charges to mortgage payments that it had agreed to reduce pending acceptance into the loan modification program. Bank of America NEVR intended to make the Loan Modification Program available to homeowners. This is a scam of national scope impacting more then a million homeowners. In just late payment fees Bank of America will score nearly $1 Billion of pure illegal profits. The value of the property they have stolen is in the $Billions, plus the $4 Billion they have scammed from the US Government to put this crimminal enterprize into play.