The Home Equity Theft Reporter: BofA Duped Me Into Loan Modification When It Really Wants To Foreclose, Says Texas Woman In Lawsuit

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Big banks like Bank of America service mortgages on behalf of other investors. Bank of America processes payments, negotiates with borrowers and operates the foreclosure process but does not actually own the loan. Many properties from the housing bubble had an additional home equity loan, or second lien.

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Inner City Press and its Fair Finance Watch dug into these connections, including to Spain’s Santander Bank and HSBC, when the Obiang disgraced Riggs was being sold to PNC Bank. Click here for coverage in Le Monde, in French. The U.S. Federal Reserve did little at that time.

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The Nation: One of Occupy Wall Street’s enduring legacies is the Occupy Our Homes movement that successfully managed to protect families from evictions at a time when not even the government of the United States seemed overly concerned with an epidemic of foreclosures.. The militarization of local police when it comes to things like drug raids or even routine searches have rightfully received.

985 Responses to "20 Reasons Why the U.S. Consumer is Capitulating, thus Triggering the Worst U.S. Recession in Decades" chakira November 14th, 2008 at 9:53 am. first. C November 14th, 2008 at 10:57 am. Generally when you buy a house, even with a 20% downpayment, you are underwater or nearly so, because of the costs to sell the house and move.

Judge Rejects Wells Fargo Foreclosure Documents Again by Abigail Field, DailyFinance, December 10, 2010 U.S. Bankruptcy Court Judge Martin Glenn denied Wells Fargo’s request for permission to foreclose on Tandala Mims’s house in the Bronx for a second time on Thursday because he still wasn’t satisfied that Wells — as opposed to some other bank — had the right to do so.

He says he paid $250 to The Community Business Center in Chamblee for help with a loan modification to save his home from foreclosure. Now, he feels like he’s been left in limbo. [C]ustomers have been showing up, one after the other, trying to get answers about the status of their loans, fearing that their homes may have been sold at auction.

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