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Wednesday, August 15, 2012

Bank of America Sues Itself for Foreclosure

I saw this news article from http://disinfo.com/ - a great website for finding news that are hard to believe but true. I cannot believe it myself but this goes to show how stupid banks are.

"In the latest phase of the foreclosure crisis, our nation’s biggest banks have reached a Zen-like state in which they resemble snakes eating their own tails, reports Forbes:
Here’s a sign of just how big and messy the foreclosure problem is: Bank of America has sued itself at least nine times in April.
That’s what lawyer and fraud expert Lynn Szymoniak discovered recently during a search for foreclosure filings in Palm Beach county Florida.”There are likely at least 100 examples of the same thing happening across the state,” Szymoniak says. “The company is literally seeking damages from itself in order to foreclose on the condo owner.”
“We are servicing the first mortgage on behalf of an investor and we own the second mortgage,” said Bank of America spokeswoman Jumana Bauwens [in regards to one case]."

Here's the copy of the foreclosure lawsuit:
Maybe your bank is stupid too...and it has no right to foreclose on you. To find out how smart or stupid your bank is, call our office at 1-877-9KEEPHOME so we can give your bank an IQ test (mortgage audit).

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