Tag Archives: Bank of America

Short Sales on the Rise, Borrowers Beware

A recent article in USA Today indicates that short sales increased 10% from a year ago, and now account for 12% of nationwide home sales. The article touts the benefits of short sales as an alternative to foreclosure, including a shorter turnaround time and reduced impact on the neighborhood.  You have to read the last...
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Bank of America Branch Pad-Locked After Wrongful Foreclosure

A Florida court found that Bank of America wrongfully foreclosed on a home (the homeowners did not owe the bank a dime) and ordered the bank to pay the legal fees incurred by the homeowners in defending against the foreclosure.  After five months, the bank refused to satisfy the judgment.  Not to be outdone, the...
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More Bank Debacles

Just under a week ago, a Wells Fargo employee admitted that the bank had made "technical" mistakes in over 55,000 foreclosure cases.  This article in the USA today discusses the next major debacle to surface by Wells Fargo.  Don't worry though, this did not stop Wells Fargo from coming back and correcting all of...

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