View Single Post
Old 05-01-2012, 07:51 AM   #3398
alkemical
Guerrilla Ontologist
 
alkemical's Avatar
 
rorrim|mirror

Join Date: Apr 2001
Location: Future
Posts: 43,056

Adopt-a-Bronco:
Prima Materia
Default

http://www.disinfo.com/2012/04/bank-...closure-cases/



Bank Of America Now Suing Itself In Foreclosure Cases

Posted by JacobSloan on April 30, 2012

4501651351_6540d48316_nIn the latest phase of the foreclosure crisis, our nation’s biggest banks have reached a Zen-like state in which they resemble snakes eating their own tails, reports Forbes:

Here’s a sign of just how big and messy the foreclosure problem is: Bank of America has sued itself at least nine times in April.

That’s what lawyer and fraud expert Lynn Szymoniak discovered recently during a search for foreclosure filings in Palm Beach county Florida.”There are likely at least 100 examples of the same thing happening across the state,” Szymoniak says. “The company is literally seeking damages from itself in order to foreclose on the condo owner.”

“We are servicing the first mortgage on behalf of an investor and we own the second mortgage,” said Bank of America spokeswoman Jumana Bauwens [in regards to one case].
alkemical is offline   Reply With Quote