ARE YOU READY FOR WAR? ARE YOU ATTORNEYS, CONSUMERS AND ACTIVISTS PREPARING FOR BATTLE?
NEWS FLASH- THE PROBLEMS THAT PLAGUE THE FORECLOSURE INDUSTRY HAVE NOT BEEN CORRECTED. THE SYSTEMIC DISINCENTIVES TO COME TO REASONABLE TERMS OF SETTLEMENT THAT MAKE ECONOMIC SENSE FOR THE INSTITUTIONAL AND INDIVIDUAL INVESTORS HAVE NOT BEEN ADDRESSED–THEIR LITIGATION RAGES ON.
HOMEOWNERS HAVE YET TO RECEIVE ANY REAL RELIEF, SHORT SALES OR REASONABLE MODIFICATIONS ACROSS THIS INDUSTRY.
YOUR FEDERAL HAS PUMPED BILLIONS OF DOLLARS INTO THESE SERVICERS AND THEY’VE NOW ADMITTED SYSTEMIC MISTAKES AND ABUSES, YET THEY’RE BEING PERMITTED TO CONTINUE WITH IMPROPER ACTIONS AGAINST CONSUMERS, BUSINESS AS USUAL, AS IF NOTHING IS STILL WRONG.
I DON’T LIKE WIKI LEAKS ONE BIT BUT GOD HELP US ALL IF BANK OF AMERICA IS THE SOURCE OF THE NEXT DOCUMENT DROP.
And now, read the story that’s causing my head to explode today…..
CHARLOTTE, N.C., Dec 15 (Reuters) – Bank of America Corp’s foreclosure process will regain speed in January after being stalled for nearly three months over allegations the industry cut corners on home repossessions, the bank’s home loans chief said on Wednesday.
“We feel comfortable with the results we’re getting, so starting in January you will see a ramp” up in foreclosure filings, Barbara Desoer, president of Bank of America’s home loans business, told Reuters in an interview.