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Bank of America Sues HOA's, Trustees and Collection Age... - 2/5/2011 11:53:45 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		 Bank of America Sues HOA's, Trustees and Collection AgenciesPot, Meet Kettle | Bank of America Sues HOA's, Trustees and Collection Agencies Over Foreclosure FeesForeclosure Fraud | February 5, 2011 at 2:00 PM | Categories: bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud | URL: http://wp.me/pFWnq-4HtBank of America Suing Collection Agencies in Foreclosure MessThe mortgage serving unit of Bank of America this week filed a lawsuit in Nevada against dozens of homeowners’ associations, their trustees, and collection agencies over fees the groups charged to B of A after certain homes went into foreclosure.BAC Home Loans Servicing LP filed suit Jan. 31 in U.S. District Court in Las Vegas, charging the HOAs and their trustees are wrongly demanding BAC pay fees and collection costs it’s not obligated to pay. BAC’s lawsuit notes liens HOAs can file against properties for unpaid HOA assessments are limited under Nevada law to nine months of assessments.“BAC services hundreds of residential loans secured by properties that are subject to these homeowners’ association liens. To maintain clear and marketable title to these properties, BAC has tendered payments to the trustees of many homeowners’ associations that, if accepted, would fully satisfy their super-priority liens. But the trustees of many homeowners associations are rejecting these payments based on erroneous interpretations of the law as they insist on accepting only payments that include the disputed collection costs,” the lawsuit said.Continue reading here...~4closureFraud.org
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RE: Bank of America Sues HOA's, Trustees and Collection... - 2/5/2011 11:59:09 AM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline 		One of my favorite forums has a rule that thread starters must comment on the topic they are starting.
Like, zum Beispeil, "BOA sues HOAs". "I think this is a bad move because..."

There are evidently some here, however, who are too fucking stupid to compose a coherent comment.

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(in reply to pahunkboy)
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