Bank Foreclosure Scandal

A different bank, Flagstar, is the plaintiff in the foreclosure case, despite not having definitive proof that it owns the loan, according to activists with detroit eviction defense.

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Homeowners who should have received assistance from the scandal-plagued bank instead lost their homes wells fargo Foreclosed On 500 People Due To ‘Calculation Error’

 · This Monday, July 18, 2016, file photo shows the top of a Bank of America ATM booth, in Woburn, Mass. (AP Photo/Elise Amendola, File) (CN) – More than 100 florida homeowners claim Bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit.

The foreclosure was filed by First Dakota National Bank against Robert and Becky Blom, Corsica, SD, on Feb. 8. The complaint alleges the.

But another segment of the interview sheds a great deal of light on how Bank of America sees its role in the economy. A year ago, Bank of America was among the many banks caught in a sweeping.

 · Banks were already slow in commencing foreclosures and often waited up to one year after the initially scheduled foreclosure sale date to actually go to sale. Any additional delay resulting from the scandal will mean more abandoned homes in communities and more “lame duck” homeowners simply waiting for the bank to foreclose upon them.

Technology Makes Home Refinance Easy – Royal United Mortgage LLC Now that the U.S. government secured another massive settlement over pre-crisis mortgage bond practices, this time with Goldman Sachs to the tune of $5 billion, only one major investigation remains.

U.S. Bank agreed to pay $13.5 million in a settlement with the Los Angeles City Attorney over allegations it neglected hundreds of its foreclosed properties, most of which are located in low-income.

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SEATTLE (Zillow) – As if it wasn’t enough to have sparked an FBI investigation that has exploded into an international scandal and brought down the. resignation of CIA chief David Petraeus, faces.

Special Investigation: How America’s Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis-With Phony Mortgages! Alleged fraud put JPMorgan Chase hundreds of millions of dollars ahead.

However, the recent foreclosure scandal does not just affect those who are facing foreclosure or are in the process of purchasing a recently foreclosed home; but it also greatly affects those who work within the real estate industry.