“A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans and of driving them into foreclosure instead cannot proceed as a class action, a federal judge has ruled. While agreeing that the borrowers’ claims “may well be meritorious,” US District Judge Rya Zobel in Boston saidRead more
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By joncoats | Commercial Law, Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law | Comments are Closed | 10 September, 2013 | 2
By joncoats | Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 17 July, 2013 | 0
Jonathan Stempel | Reuters | “Bank of America Corp (BAC.N) rejected allegations that greed and bad faith drove the bank and its workers to push distressed homeowners into foreclosure, rather than help them obtain loan modifications to which they were entitled. The second-largest U.S. bank made its argument in court filings on Friday, in an effortRead more