EXTRA, EXTRA . . . READ ALL ABOUT IT . . . The States of Arizona and Nevada SUE the Bank of Beelzebub . . . err, I mean Bank of America!!

Great post, Carla and congrats on being featured on the main AR page too!  

As much as you detest BOA, I hate to hear this--and this is the first I'm hearing of this.  They are headquartered in our beautiful city and I SO wish that they would pull their act together and be the wonderful presence in the industry that they used to be.  They are not doing NEARLY enough to improve their reputation and it seems to be getting worse by the day.  I have no doubt that other states will follow suit in this.  Unfortunately there's nothing we can do but, sit by and witness the pain the homeowners are going through with their failed loan mod apps and all the while watching our stock values fall by the minute.  Ugh!  Not a pretty site for us locally, muchless nationally!

OMG, I TOTALLY forgot to tell you!  I was in a bar on the ship one day last week and a Judge __ something show was on and YOU won a case that was heard by him against a tenant!  All I could keep saying was, "OMG, I know her!"  What a TRIP!  I never expected to see YOU on the cruise with me!  LOL

Congrats on the win too!

BofA deserves everything they get AND MORE.

This is the beginning of the nightmare that awaits these banks; what goes around comes around 7 times.

Carla - I'm a little scared that you seem to know all the mob rules inside and out!

If the basis of challenging a foreclosure is based on the fact that the homeowner really wasn't in default, the vast majority of challenges would lose.  While those do happen on occasion, in most cases the borrower is indeed behind in their mortgage payments.  But if a challenge is based on the fact that the bank mishandled the processing of HAMP, HAFA or PFS documents, watch out. 

Many banks sign on to programs voluntarily but after that they are obligated to participate.  They have been losing documents that arrived FedEx and signed for.  If the mishandling of modification documents or the modification process becomes a recognized valid way to fight foreclosure (before or after the fact) then things could get very interesting.  I wonder if an attorney could chime in on whether this might be a possibility.

oh to be a mouse behind the gavel, under the robe....

Oh Carla this is as clever as it is funny! BOA...I have three clients who have begun refering to the institution as Bend Over America *OUCH*

Carla,

I am SHOCKED that BofA is being treated in this manner. Seriously it was only a matter of time for some group to take action. I will watch this closely to see how the plaintiffs are treated.

-Brent

Carla - The articles you posted talk about heavy fines per incident.  They do not discuss the issue I raised in my comment - whether the behavior of the banks could be used as a basis to challenge a foreclosure action itself. Maybe a different twist on what you posted.

I am glad that you did post what you did, because it shows the legitimate heavy hitters in some state government are taking strong actions.  (It is confusing that BOA's stock price went up after these suits were filed.)

Thanks for sharing this good post today.Very informative.

 

Hope your Holidays are wonderful.

 

Patricia/Seacoast NH & ME

Carla, good post! And I can't say I am surprised at all. I wonder if we will be hearing about our friends at Chase Bank soon---they do not seem to have the consumers best in mind either!!!! Merry Christmas!

As always you are on top of the lastest.  It will be interesting to see how this plays out.  Thanks for keeping us so well informed.

This is funny-as in those classic tragic comedies of Shakespear where everyone dies in the end because they were all...possessed by demons! It is so sad how many people have been sucked into this demonic hell-hole and had their lives turned topsy-turvy. And it is also disturbing how some politicians are SO in bed with these banks, and how our US policy thanks to those disturbing sleep-overs have screwed us all. I saw it coming years ago. It is so wrong. And now the lawyers are going to help-oopps-profit from it, too? This is such a sick, twisted circle.

Carla, thanks for posting the complaints.  Interesting read, especially the part where bank employees were told say anything to get the borrower off the phone.  Isn't that what we've always thought? Bend Over America what a hilarious nickname by Russel #46!  True we've all been screwed by BoA, but hopefully these lawsuits will force BoA to comply with HAMP guidelines in the future.  And possibly those who have lost their homes to foreclosure can be remedied.  Is that too much to ask? 

It's time for BoA to get back what they've been dishing out.  Bend over BoA this Christmas.  I can hear the bells ringing now!  Congratulations on the well-deserved feature! 

 

Carla, great post as usual.  I know what I'll be wishing for, for Christmas.

Carla,

 

How in the world did you get through a post about a bank without referring to them as banksters? Bank of Beezelbulb ain't bad though