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Bank of America routing property appraisals to India

by Phyllis Rockower | Jul 5, 2013 | Uncategorized

Can you believe this? “Bloomberg reports that Charlotte-based Bank of America (NYSE:BAC) has opened a unit in India to work on home-valuation paperwork.  Jen Wilson Associate Editor/Online-Charlotte Business Journal Bank of America Corp. (NYSE:BAC) has opened a...

N.Y. to sue Wells Fargo, Bank of America over mortgage practices

by Phyllis Rockower | May 6, 2013 | Real Estate News

No surprise here. They are continuing to violate loan modification, short sale requirement time lines. I know this personally since i am involved in a short sale with my mom’s place in Fla. We had 3 offers over 270 which the bank turned down.  We had another...

Another foreclosure abuse settlement in the works

by Phyllis Rockower | Dec 31, 2012 | Housing News

This one is different than the last one because the money all goes to homeowners who got the shaft from the banks. Some of the states had used the money earmarked for homeowners to for their treasuries. Not nice!! The 5 biggest will be involved: Wells Fargo, JPMorgan...

Are banks doing more loan mods?

by Phyllis Rockower | Aug 30, 2012 | Housing News, L.A. Times Real Estate, Real Estate News

Ca entered into an agreement with the top 5 banks to give more loan mods in return for end robo signing investigations. The banks are: 1. Bank of America 2. Chase 3. Citigroup 4, Ally 5. Wells Fargo The banks get financial credit for doing short sales and loan mods....

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