EXTRA, EXTRA . . . READ ALL ABOUT IT . . . The States of Arizona and Nevada SUE the Bank of Beelzebub . . . err, I mean Bank of America!!
Wouldn't it be nice if Bank of America, Citi, Wells Fargo and every other loan servicer had to be accountable. Won't happen. This is worth watching. Time for consumers to stand up and be heard. I wonder if there is a legal way to force Bank of America to actually go to trial? Likely they will settle out of court and admit no wrongdoing.
EXTRA, EXTRA . . . READ ALL ABOUT IT . . . The States of Arizona and Nevada SUE the Bank of Beelzebub . . . err, I mean Bank of America!!
Bank of America Accused by Arizona, Nevada of Botching Loan Modifications (Bloomberg)
Arizona, Neveda Sue BofA Over Loan Modifications (AP)
Two States Sue Bank of America on Mortgage Servicing (Reuters)
The lawsuits filed today against the Bank of America are the first in the Nation, and are based on fraud allegations against Bank of Beelzebub in their loan modification programs.
"The bank is accused in the Arizona and Nevada lawsuits of misleading consumers about requirements for the modification program and how long it would take for requests to be decided. The bank provided inaccurate and deceptive reasons for denying modification requests, according to the suits." By Karen Gullo, Bloomberg
Hmmmm . . . you don't say!?! The bank provided inaccurate and deceptive reasons for denying the loan mods?!?
NO KIDDING!! What the "hell" do you expect from the Bank of Beezlebub? Honesty?!? Helping home owners remain in their homes vs. foreclosing?!? Muwhahahahahahah . . .
Of course, these are "allegations" {wink, wink} and, as with any good defense counsel -- they'll make a TON 'O MONEY defending the spawn of Lucifer . . . if they were retained to do so.
As if we (REALTORS®) DIDN'T KNOW THAT THIS GOES ON IN THE MARKET! WE'RE IN THE TRENCHES EVERY DAY, HEARING THESE STORIES!!
The States of Arizona and Nevada have sued based, among other things, on Bank of America's BOTCHING the home-loan modification programs
OOPSIE!!
Can't wait until the States' Attorneys CALL THEIR WITNESSES!! I'm sure the home owners that got screwed will be lining up to bear testimony.
We know: The banksters make more on the foreclosure and reselling of the property. The examples of FDIC's work out deal with Indy/West One are here. I'm sure the same deal is available to Bank of Beelzebub. And if we've forgotten "how" the banksters profit in foreclosures, just watch this for a refresher.
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