by Walter Einenkel
Laura Coleman Biggs and her experience with Bank of America is absolutely criminal. When her husband George Mitchell passed away, 12 years ago this month, Ms. Biggs continued paying off her mortgage.
George “Kenny” Mitchell had taken out a special lender-pushed insurance policy to pay off most of his loan if he died.
But when he passed away on April 26, 2003, the subsidiary of Charlotte-based Bank of America did not arrange a payoff of the $100,000 policy and continued to charge his widow an insurance premium every month along with her mortgage payment.