Bank of America Mortgage Complaint

Home equity loan or line of credit Loan servicing, payments, escrow account

Bank of America Mortgage department,

Home equity loan or line of credit Loan servicing, payments, escrow account Florida

Bank of America will not cancel a home equity line of credit. They acknowledge the $0.00. balance and received the written request - - 2017. BofA claims a flood insurance policy has or will be, forced placed, as a " revenue enhancer '' to protect the $0.00 balance. The home equity/ mortgage dept.says they have no control over this, and transfer me to the insurance dept. The insurance dept says it is entirely up to the home equity/mortgage dept and they transfer back to the home equity/mortgage dept. The two department do not agree as to the amount I should pay but they do agree my balance is $0.00. I have wasted several hours on the phone with BofA often getting switched between the two departments. In the -/-/2017 mail I receive a statement for - balance with a insurance charge of $3600.00. ( This is the first bill I have received ). I called again today, and again got switched from dept to dept. everyone agrees this should be - out, but not by their dept, the other dept has to handle it. They also said I would not get an insurance policy but they would send a certificate of Insurance although the starting date would over a month ago.. Today, I wasted another hour and a half on the phone with bank of America. I just want bank of America to stop this nonsense and close all my accounts

Bank of America customer in Florida
Feb 10, 2017

* Source: CFPB Complaint Database

Bank of America response to complaint:
Closed with explanation

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Contact Bank of America

https://www.bankofamerica.com/
(704) 386-5681
100 N Tryon St Ste 220
Charlotte NC 28202
Bank of America
Bank of America

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