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EXTRA, EXTRA . . . READ ALL ABOUT IT . . . The States of Arizona and Nevada SUE the Bank of Beelzebub . . . err, I mean Bank of America!!

Carla Muss-Jacobs , Broker/Owner in Portland Oregon, really adds some great humor to the current situation that Bank of Beelzebub is facing in the following post. "Nevada and Arizona have both filed law suits against this bank claiming fraud."

 Misleading consumers about the loan modification process and how long the process will take that cost many their home is considered FRAUD! It will be interesting to see what state will file suit next, Florida? California?

Read on ...

EXTRA, EXTRA . . . READ ALL ABOUT IT . . . The States of Arizona and Nevada SUE the Bank of Beelzebub . . . err, I mean Bank of America!!

Bank of America Accused by Arizona, Nevada of Botching Loan Modifications (Bloomberg)

Arizona, Neveda Sue BofA Over Loan Modifications (AP)

Two States Sue Bank of America on Mortgage Servicing (Reuters)

The lawsuits filed today against the Bank of America are the first in the Nation, and are based on fraud allegations against Bank of Beelzebub in their loan modification programs.

"The bank is accused in the Arizona and Nevada lawsuits of misleading consumers about requirements for the modification program and how long it would take for requests to be decided. The bank provided inaccurate and deceptive reasons for denying modification requests, according to the suits."  By Karen Gullo, Bloomberg

 

Hmmmm . . . you don't say!?!  The bank provided inaccurate and deceptive reasons for denying the loan mods?!?

NO KIDDING!!  What the "hell" do you expect from the Bank of Beezlebub?  Honesty?!?  Helping home owners remain in their homes vs. foreclosing?!?  Muwhahahahahahah . . .

Of course, these are "allegations" {wink, wink} and, as with any good defense counsel -- they'll make a TON 'O MONEY defending the spawn of Lucifer . . . if they were retained to do so.

As if we (REALTORS®) DIDN'T KNOW THAT THIS GOES ON IN THE MARKET!  WE'RE IN THE TRENCHES EVERY DAY, HEARING THESE STORIES!!  

The States of Arizona and Nevada have sued based, among other things, on Bank of America's BOTCHING the home-loan modification programs

OOPSIE!!

Can't wait until the States' Attorneys CALL THEIR WITNESSES!!  I'm sure the home owners that got screwed will be lining up to bear testimony.

We know:  The banksters make more on the foreclosure and reselling of the property.  The examples of FDIC's work out deal with Indy/West One are here.  I'm sure the same deal is available to Bank of Beelzebub.  And if we've forgotten "how" the banksters profit in foreclosures, just watch this for a refresher. 

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Representing Buyers Since 1999 ~

Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor®

Principal Broker/Owner  ~ EBAPortland, LLC
YOUR Exclusive Buyer's Agent

(503) 810-7192 / Carla@CarlaHomes.com

EBA Portland, LLC

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Email ~ Terrie@terrieleighton.com

 

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Comment balloon 2 commentsTerrie Leighton • December 19 2010 10:54AM

Comments

One day I hope that we will get to the bottom of this mess and when we do I hope these big banks, including investment banks will be held accountable financially and legally. 

Posted by Keith Vermilyea (Home Buyers Marketing II, Inc.) over 7 years ago

Keith ~ I share your sentiments on this housing mess. Thank you for the comment.

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) over 7 years ago

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