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Bank Foreclosure Scandal

Bank of America’s foreclosure processes have been a wreck during the mortgage. But similar to the robo-signing scandal that enveloped it and other banks during the mortgage crisis, the bank’s.

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In Jacksonville, foreclosures were up 32%, Palm Bay saw a 64% increase, Tampa was up 43% and Orlando notched a 15% jump. Blomquist attributed Florida’s problems to the after effects of the.

RealtyTrac released its U.S. Foreclosure Market Report for November, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions. of the so-called robo-signing.

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The banks defrauded investors about the condition of the loans, which led to billions in losses while millions of Americans lost their homes to foreclosure. Three quarters of the loans in question came from Countrywide Financial, which Bank of America acquired in 2009, along with Merrill Lynch.

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In return, the firms-Bank of America, JPMorgan Chase. Since coming to office, Obama has done nothing to halt foreclosures or provide relief for distressed homeowners. When the scandal over.

Wells Fargo Faces Scandal for Illegal Foreclosing on 400 Homes. In a quarterly report filed Friday, Wells Fargo disclosed that it illegally foreclosed on 400 families after denying modifications to qualifying homeowners.. Wells Fargo conducted an internal review which found 625 customers were denied modifications despite qualifying for relief – and that 400 of these homeowners lost their.

A lawsuit against JP Morgan-Chase — the nation’s largest bank — asserts that the institution paid off the $4,200,000,000 in mortgage forgiveness that it agreed to as a settlement for widescale.

Thousands of missing mortgage documents were forged by banks to support foreclosure litigations. Thousands of people lost their homes when the fake documents were used in legal proceedings. Clerks.

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The bank initially looked at homes that were in the foreclosure process. Wells Fargo paid in 2016 over the unauthorized accounts scandal. RealtyTrac released its U.S. Foreclosure Market Report for November, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions. of the so-called robo-signing.

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