Home » Business, Real Estate » Federal law suit filed against Bank of America and Nationstar Mortgage, LLC
Las Vegas Realtor, Summerlin Realtor, Las Vegas Real Estate
Las Vegas, NV. Homeowner Michael Bondi has filed a federal law suit against Bank of America and Nationstar Mortgage, LLC claiming Fraud, Civil Conspiracy, Misrepresentation, Violations of the Federal Fair Credit Reporting Act, and the Federal Fair Debt Collections Practices Act.

Las Vegas, Nevada – July 20, 2015 – An 8 and ½ year battle over a foreclosed home has Las Vegas, NV. Resident Michael Bondi filed a Federal Law Suit against Bank of America, N.A. and Nationstar Mortgage LLC. The lawsuit claims Fraud, Civil Conspiracy, violations of the Federal Fair Credit Reporting Act, Federal Fair Debt Collections Practices Act, and Misrepresentation.

Bondi’s problems started with Bank of America in 2008 when BofA took over Bondi’s Countrywide Home Loan. Bondi was in a car accident in 2007, leaving him unable to work and losing his savings. Bondi had over 5 valid short sale offers on his home that BofA refused to accept because Bondi would not sign a blank Promissory Note. Bondi’s home was ultimately foreclosed in June of 2009.

Bondi continued to have several problems with BofA after the foreclosure. BofA incorrectly reported Bondi’s credit as an “Open foreclosure” which made it appear Bondi was still missing monthly payments on a home that he no longer owned. Bondi contacted BofA a year after the foreclosure in 2010. Bondi found several violations of Federal Law, about which he confronted BofA. BofA in an effort to avoid litigation from Bondi, offered to correctly zero out Bondi’s credit report and to change his report as a foreclosure with a zero balance, per Federal Law.

Bondi’s updated credit report reflected and showed a ZERO BALANCE and “Closed Foreclosure Status” for over 3 years until June 2013. Bondi received a letter from BofA stating that his loan was going to be sold to Nationstar Mortgage LLC for collection purposes. Bondi contacted BofA’s Office of the CEO and they confirmed that BofA records showed Bondi had a zero balance. BofA still sold Bondi’s zero balance account with no explanation and no apology.

July 2013, Bondi contacted Nationstar Mortgage LLC and advised them of the status of the loan and the zero balance. Bondi provided copies of credit reports clearly showing a zero balance. After several months, Nationstar Mortgage LLC reviewed the account, agreed with Bondi, and sent him several letters stating that they would not collect from him and that his account was closed with a zero balance.

December 2013, Nationstar Mortgage LLC sent Bondi’s account to their internal collection agency — Veripro Solutions — for further collection activity. Bondi then contacted Veripro Solutions and sent letters from Nationstar Mortgage LLC and copies of his credit report, clearly showing a zero balance.

January 2014, Veripro Solutions issues a letter to Bondi stating that they will close out his zero balance account and they will not take any further action against him or his credit report.

April 2014, Bondi’s credit is destroyed once again. This time Nationstar Mortgage LLC, which clearly stated that Bondi had a closed account with a zero balance, now reported to the credit bureaus a “MAJOR DEROGATORY Charge Off” debt for over $69,000.00. Bondi’s credit score dropped over 100 points. Bondi lost his credit card accounts, a new home loan, an auto loan, and suffered business losses due to inaccurate credit reporting from Nationstar Mortgage LLC.

July 2014, fearing that this situation would not end and would continue to get worse, Bondi filed a Federal Law Suit claiming damages in excess of $1 million.

December 2014, both BofA and Nationstar Mortgage LLC deleted all negative trade lines/accounts on Bondi’s credit report, only after Bondi filed his federal law suit.

Bondi currently has over 1,000+ pages of letters, copies of credit reports, and other evidence to support his claims against BofA and Nationstar Mortgage LLC. Bondi is looking forward to his day in federal court to prove his allegations as stated above.

KTNV-LAS VEGAS, NV. ABC Channel 13 Chief Investigative Reporter Darcy Spears has investigated Bondi’s story and aired it on TV July 9, 2015. Bondi is currently looking to air his story throughout the nation since he believes that there are other victims out there and that this story has a national media appeal to it.

The story can be viewed here: http://www.scrippsmedia.com/ktnv/news/Valley-man-battles-the-big-banks-313005251.html

Video Link: http://www.youtube.com/embed/NNxa9HW814c

Bondi is being represented by Las Vegas based Attorney Rebecca Fuller. She can be reached at: 702-553-3266, or via email at: rfuller@fullerlawpractice.com

BofA and Nationstar Mortgage LLC are being represented by Las Vegas Law Firm Akerman, LLP Attorneys Ariel E. Stern and Allison R. Schmidt. They can be contacted at 702-634-5001 and 702-634-5000, or via email at: ariel.stern@akerman.com and allison.schmidt@akerman.com

Distributed by Michael Bondi

Media Contact
Contact Person: Michael Bondi
Email: michael@lvrealty4sale.com
Phone: 702-768-2552
Address:10220 W. Charleston Blvd. Suite #3
City: Las Vegas
State: Nevada
Country: United States
Website: http://lvrealty4sale.com

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