Homeowners foreclose on Bank of America!

[Lestat]

Hell yeah.
Homeowner Foreclosures on Bank of America (Yes, You Heard That Right) - Yahoo! News

 

[HAYEZ]

lmfao nice...

 

[miplank]

cliff notes?

 

[bakemeacookie]

Obama must be pissed! They're going after his masters!

c

 

[axismundi]

Heh saw this ok facebook a couple of hours ago. Brilliant.

 

[bakemeacookie]

Banks are now foreclosing on homes they don't even have mortgages for! OMFG, talk about out of control! Wonder if I can seize people's cars I have no connection to?

c

 

[nimbus]

love it

 

[just...v]

B of A is pretty shady. They wrongfully took something like 1.3 million from a former employer of mine. What a mess.

 

[miplank]

Your employer had it coming

 

[jnevin]

I didn't read the article, but B of A was fucked when they bought CW and their portfolio. CWas the largest servicer of home loans in the country, well over a trillion in loans. Thing was, they were buying loans from bad companies like Household, Ameriquest, etc. They bought every subprime loan they could so they could hopefully refi them into another 2 year ARM and just keep it rolling. Loans they did in house were solid for the most part, but I don't think they looked at what they were buying. They're fucked.