My question involves a mortgage in the state of: Texas
My mortgage company approached me with an offer to refinance my home mortgage about 6 years ago. In the process they supposedly had an appraisal done (charged me for it with te closing costs) but never gave me a copy (I did ask for one at closing and was told that I would get one sent - asked again later, and again recently, but never got one). To make a long story short - the current value is (according to THEIR new REAL appraisal) about 65-70% of the previous one. Also when we recently looked at selling our home the realtor told us that the value of the home would NEVER have been even close to the so-called appraisal. I have read of some examples where people were able toget reductions in their mortgages in similar situations, even getting judgements including damages against the companies. The company in question happened to be Countrywide.... only a few weeks ago a whistleblower who previously worked at Countrywide (in the same Plano TX office during the same time period as mine) has accused Countrywide of conducting such practices as a policy. We also received an earlier settlement (very small) because Countrywide made a practice of upping the interest rates aat the last minute on refinance loans like mine (they did that as well to me).
Do I have a reasonable case to pursue against Bank of America (the successor to Countrywide in holding my mortgage)? What should I do?