Black People : A State Sues Banks Over Dirty Foreclosure Policies?

Discussion in 'Black People Open Forum' started by Ankhur, Dec 2, 2011.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

    Oct 4, 2009
    Likes Received:
    owner of various real estate concerns
    Alot of bad news is hard to believe but there is
    some good news that sounds so whack
    it sounds like something from "Living Color" or the old Richard Pryor show

    Massachusetts Sues Banks over Foreclosure Practices

    Massachusetts has filed suit against five major banks over their alleged negligence in dealing with struggling homeowners. The lawsuit targets Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and GMAC. The banks are accused of "unlawful and deceptive" foreclosure practices including unlawful foreclosures, false documentation, robo-signing, and deceptive practices around modifying loans. The lawsuit could complicate the ongoing talks between banks and state prosecutors nationwide over reaching a comprehensive settlement over the same allegations. Details of the settlement had been expected sometime this month.

    Headlines for December 02, 2011

    U.N.: Syria Toll Far Exceeds 4,000; France, Germany Back E.U. Treaty Changes in Eurozone Crisis; U.N.: Austerity Measures Could Worsen Recession; Report: U.S. Claims Pakistan Authorized Deadly Strike; Al-Qaeda Claims Capture of U.S. Citizen in...