B of A Parallel Foreclosure CONFESSION

Tuesday, December 28, 2010

Courthouse News Service - Class Action Lawsuit against Bank of America smells of Parallel Foreclosure.



Very interesting read at Courthouse News Service about the latest class action lawsuit against Bank of America and their handling of HAMP.

2 comments:

  1. This was kind of a bizarre year for the mortgage market. In the first half of the year, you had a decent number of home sales keeping mortgages for purchases stable, thanks to the home buyer credit. In the second half of the year, that changed as demand crumbled when the credit was withdrawn. At the same time, you had very low mortgage interest rates throughout much of the year cause a mini-refinancing boom. 2011 will look very different, as the housing demand continues to struggle and mortgage interest rates have begun rising.






    home buyer

    ReplyDelete
  2. The "decent amount of home sales" were comprised of 20% to 45% foreclosed homes. Now the banksters are going to look elsewhere for their "fix" while they figure out legislation to screw over close to a million parallel foreclosure victims.

    ReplyDelete

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