Bank of America Corp is preparing to buy Countrywide Financial Corp, but they may be in for a little more than they expected! Federal Bankruptcy judges are starting to look more into the business practices of the problem ridden mortgage co. The latest - Countrywide admitted to not correctly crediting borrowers payments that have been made during the bankruptcy. They have not been applying them to the pre-bankruptcy debt - PROHIBITED! If Bank of America moves forward, they may be left with a list of potential legal liabilities from Countrywide. Borrowers are suing in class-action and individual suits for supposed abuse by the company.
The Moore Team
480-545-1043
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