MORTGAGE FORECLOSURE SETTLEMENT DOES NOT PRECLUDE CIVIL LAWSUITS AGAINST BOA, CHASE, WELLS FARGO AND ALLY FINANCIAL
The $25 billion mortgage foreclosure settlement with Bank of America, Wells Fargo, Chase and Ally Financial does not preclude criminal charges or civil lawsuits. The Los Angeles Times (2/10, Popper, Reckard) reports the banks “previously made changes to improve the way they foreclose on homeowners,” and, “until recently, analysts thought this might put to rest many of the largest complaints about the role the banks played in the financial crisis,” but “it hasn’t. There are a growing number of signals that prosecutors and regulators are stepping up efforts to bring new lawsuits and criminal charges in connection with the crisis. … Authorities can still investigate various fraud claims, including those involving the mortgage bonds whose meltdown triggered a global financial crisis,” an “what’s more, there is no criminal immunity.”
Has Bank of America, Wells Fargo, Chase, or Ally Financial foreclosed on your home? did these banks try to modify your loan first? You may have claims against these banks for wrongful foreclosure or an unfair trade practice, especially if the banks did not have standing to foreclose on your home! Contact consumer protection attorney Micah Adkins 24/7 at 1-800-263-9091 for a free consultation.
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