comsc US Politics | AMERICAblog News: Bank of America discovered mistakes in their foreclosures
Join Email List | About us | AMERICAblog Gay
Elections | Economic Crisis | Jobs | TSA | Limbaugh | Fun Stuff

Bank of America discovered mistakes in their foreclosures



| Reddit | Tumblr | Digg | FARK

Of course they did so no surprise there. At least they can admit the mistake and though it's hard to imagine how they failed to find any wrongful foreclosures since a number of them were widely published in the media.

Bank of America acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said.

The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.

The problems included improper paperwork, lack of signatures and missing files, as well as cases in which information about the property and payment history being unmatched, the Journal said.

The bank told the newspaper that some of the defects seem relatively minor, and the bank has not found any evidence of wrongful foreclosures.


blog comments powered by Disqus