Tag Archives: bank of america

Bank of America Paying to Have Foreclosures Destroyed

Posted on August 2, 2011 by xdnus

Bank of America is taking a new approach to dealing with their unsellable foreclosed home inventory.  In Cleveland, Detroit and Chicago, the lender is donating homes and paying local agencies to demolish them.  They plan to roll the program out … Continue reading →

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John McCain’s former home in foreclosure

Posted on June 30, 2011 by xdnus

The former home of John and Cindy McCain is in foreclosure.  Cindy McCain’s childhood home, and the home where the McCain’s raised their children, is situated on 3 acres on Phoenix’s Central Avenue. The house was sold to investor Jane … Continue reading →

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Banks failing to prevent foreclosures

Posted on June 10, 2011 by xdnus

For those of you who have tried working out modifications, principal adjustments or short sales with the banks, the following news will come as no surprise,  The banks are failing to work with homeowners and even potential buyers in order … Continue reading →

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Bank of America hit with foreclosure class action lawsuit

Posted on February 3, 2011 by xdnus

Bank of America was hit today with a class action lawsuit by major securities plaintiff firm Robbins Geller Rudman & Dowd on behalf of Pipefitters Local No. 636 Defined Benefit Plan in U.S. District Court in the Southern District of … Continue reading →

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California kicks off foreclosure prevention program

Posted on January 12, 2011 by xdnus

California has kicked off a new foreclosure prevention program this week with the California Housing Finance Agency currently taking applications through a toll-free hotline.  In just the first two days of the program, the agency has already fielded 1200 calls. … Continue reading →

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Top mortgage lenders ready to settle

Posted on January 5, 2011 by xdnus

Bloomberg is reporting that the country’s five largest mortgage lenders, Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and AllyFinancial are prepared to reach independent settlements with state Attorneys General as part of a nationwide investigation into foreclosure practices. Terms … Continue reading →

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