BofA Hit with Fraudclosure Class Action Suit Three fascinating Fraudclosure related items: • Law.com: Bank of America Sued in Class Action Over Flouting of Foreclosure Rules Bank of America has been hit with a class action on behalf of homeowners seeking damages for alleged disregard of foreclosure process rules.
ForeclosureGate and Obama’s “Pocket Veto”
Amid a snowballing foreclosure fraud crisis, President Obama today blocked legislation that critics say could have made it more difficult for homeowners to challenge foreclosure proceedings against them. The bill, titled The Interstate Recognition of Notarizations Act of 2009, passed the Senate with unanimous consent and with no scrutiny by …