Banks are not above the law, but they will try to operate as if they are. Here’s the latest: Bank of America has claimed that a couple from Indiana really doesn’t have a case against them for robo-signed foreclosure documents. Why? Because the family, according to BofA, didn’t try to do anything to stop the foreclosure, thus they can’t prove the bank “harmed” them. Now, here’s the real question: Is it true? Are people really just not making their payments…
Artikel-Schlagworte: „notice of default“
Bank of America Claims “Inaccurate or Faulty Documents” Don’t Show Homeowner Was Harmed
Dienstag, 16. November 2010Statistics Reveal at Least Half the Foreclosures are Cured-Foreclosure Profitable to Banks
Freitag, 3. September 2010In most states, foreclosure is initiated after three payments have been missed. In most states, the beginning of foreclosure is a document known as the notice of default. It will be mailed to the property address, and often nailed to the door of the property as well. In some states foreclosure is judicial – meaning the process has to go through the courts, in other states foreclosure is non-judicial and can be done through a trustee, such as a title…
