Fighting Wrongful Foreclosures
WOAI – Charlie Riley is an attorney representing a local family who’s filed a lawsuit against the lender, Bac Home Loans Servicing L.P. a subsidiary of Bank of America. He says the homeowners wanted to pay their property taxes in installments on their own..
Riley says, “A lot of people do that, especially in this tight economy with the cash flow. Well the bank didn’t want that to happen so they paid the full amount of the taxes.”
That caused the family’s mortgage payment to balloon. He says they were trying to work out their situation with the lender, but the bank foreclosed anyway. We’re still waiting for a response from the lender.
Similar Posts:
- More Families Turn to Homeless Shelters
- 4 Types of Debt Calculators
- Payday Loans Can Help With Emergency Travel Plans
- Common Car Financing Options
- Should Tax Be Cut to Stimulate Financial Growth?
