Error claims cast doubt on Bank of America foreclosures in Bay Area

Error claims cast doubt on Bank of America foreclosures in Bay Area

Joji Thomas was desperate to save his home. The San Francisco mechanical engineer sold his car, tapped into his wife’s savings and begged friends for money. In July, to stave off foreclosure, he bought a $27,777.85 cashier’s check and mailed it to Bank of America.

A bank representative acknowledged receiving the check two days later, Thomas said. But the payment went missing later that week and was not applied to his mortgage. Bank of America foreclosed on his home and sold it at auction. He moved out April 13.

“I was forced into this,” he said as he cleared the furniture from his home. “I had no other choice.”

Thomas is one of thousands of Bay Area homeowners fighting in court to save their homes from a foreclosure system rife with mistakes, mismanagement and even fraud, a joint investigation by the Center for Investigative Reporting and NBC Bay Area has found.

Rest here…

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4closureFraud.org

Comments
2 Responses to “Error claims cast doubt on Bank of America foreclosures in Bay Area”
  1. JUDGES……… THIS IS YOUR FAULT……..!!!!! RIGGED SYSTEM!!!

  2. charley rice says:

    FEDERAL TRADE COMMISSION, CVIO 4193 JFW-SS case no
    Plaintiff,

    CONSENT JUDGMENT AND ORDER

    COUNTRYWIDE HOME LOANS, INC. , a corporation, and
    BAC HOME LOANS SERVICING, LP, a limited partnership,

    This is wrongful foreclosure, because BOA and RECONTRUST COMPANY are Prohibited to service and initiate ANY FORECLOSURE ACTION for ( 8) eight years are breaking the LAW and VIOLATING the JUNE 15, 2010 FTC v COUNTRYWIDE/BAC Consent Judgment order! READ this,

    On Page 10 of The Consent Order States that BOA and RECONTRUST COMPANY are prohibited and are violating a Court Order, Cause of action for Wrongful foreclosure can’t foreclose after June 15, 2010. It’s hasn’t been (8) eight years!

    “They should be Sanctioned and their attorneys disbarred for violation of the court order.”

    VI.

    IT IS FURTHER ORDERED that, for eight (8) years after the date
    of entry of this Order, Defendants, their officers, employees,
    agents, representatives, and all other Persons or entities in active
    concert or participation with them who receive actual notice of this
    Order by personal service or otherwise, directly or through any
    corporation, subsidiary, division, or other device, are hereby
    permanently restrained and enjoined, in connection with the
    Servicing of any Loan, from (l) initiating a foreclosure action, or
    assessing Fees in connection with an actual or threatened
    foreclosure action, until the Defendants have reviewed Competent and
    Reliable Evidence that substantiates that the consumer is in default
    under the terms of the Loan Instruments; and (2) consummating a
    foreclosure sale until Defendants have investigated any
    non-frivolous disputes by the consumer and informed the consumer of
    the results of the investigation.

    “I bet you that the homeowner Joji and the other homeowners didn’t get an investigation…”

    REPORT THIS NEWS!!!

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