Employees say Bank of America encouraged them to lie and falsify records to push more accounts into foreclosure.
Credit Chuck Burton / AP
Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.
Foreclosure auctions sales in Colorado were down nearly 19 percent last year compared to 2011. There were 15,903 foreclosure auctions sales in 2012 down from 18,617 in 2011 according to the Colorado Division of Housing.