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Posts Tagged ‘Bank of America’

Is Congress being held accountable on their foreclosure procedures?

Wednesday, November 17th, 2010

Some of the nation’s largest banks will appear before Congress today to explain their actions regarding the “robo-signing” scandal in which lenders allegedly filed thousands of inaccurate documents in foreclosure cases. This scandal initially led to the recent foreclosure freezes by major lenders. A 125-page report just released by the Congressional Oversight Panel may influence the…Read More »

Foreclosure Freeze: What Does it Mean for Homeowners?

Tuesday, October 19th, 2010

Foreclosure Freeze: What Does it Mean for Homeowners in Lexington Kentucky and surrounding counties? You may have heard that Bank of America, Ally Financial (formerly GMAC), and JPMorgan Chase have all temporarily suspended foreclosure proceedings to investigate possible problems with mortgage documentation. Bank of America froze foreclosures in all 50 states, but recently announced they…Read More »