The nation's leading bank, Bank of America, has halted its foreclosures in all 50 states. Don't get ahead of yourself here and chalk it up to good will. Nope, they actually desperately attempting to avoid massive fines and lawsuits. You see, evidence has surfaced that their employees and outside lawyers may have enacted on foreclosures illegally whether by not reading documents, filing inaccurate paperwork, or prematurely changing the locks. An important fact here is that a precident is currently in motion: Ohio's Ally Financial is currently being sued by the Attorney General, who, by the way, has also sent letters to three other banks, including Bank of America. He is requesting all pending foreclosures be halted in Ohio. In addition he wants $25k for every violation of consumer laws, along with back-payment of losses to mortgage holders. If a judge finds Ally Financial liable, every other bank is also in the hole for similar violations. So, now does it makes sense about why Bank of America suddenly got a big heart? If you're an unemployed auditor, we suggest you call BofA straight away. They may be hiring right about now. *winks* Go the the
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Wow. I wouldn't be surprised in the LEAST if they uncovered dirt on B of A. They been a crooked bank for a long time. I personally HATE large commercial banks. I bank with a small business bank. No waiting.
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