Bank of America Mortgage Complaint

Bank of America Mortgage department,

Other mortgage Settlement process and costs Oregon

We agreed to purchase a bank owned property for full asking price in - - and the offer was accepted. We placed 10 % of the money into escrow. The bank delayed closing then until - - because of a right of redemption that was placed on the property. Then the ROR was waived and we signed closing documents on - -, - and wired the rest of the money out of our account. Now, a week later, the bank has the entire purchase price but has failed to release the property to us and we are told that this will take more time because they require another appraisal.