· 10 Apr 2014, Business News covering stock markets, Real Estate, Entrepreneurs, Investors and Economics from around the world brought to you by 15 Minute News
· One Of The Epicenters Of The Housing Boom. The Sun Sentinel reports from Florida. “Investor Harold Stark paid $365,000 for a three-bedroom Boynton Beach townhouse last year. But the monthly mortgage payments soon started to feel like a noose around his neck.. “When we get an offer, we’ll contact the bank and see if they’ll accept.
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The loan servicer, Washington Mutual, tried to foreclose on his home in 2003. key customers Bank of America, Wells Fargo (WFC), and JPMorgan Chase-with a picnic of Mediterranean chicken salad,
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When Bank of America tried to unjustly foreclose on a Florida couple’s home, they took matters into their own hands (video below). Warren and Maureen Nyerges were in danger of having their Collier County home be taken away by the bank, but the foreclosure claim missed one important fact: The Nyergeses had paid for the home in cash.
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In Florida an angry homeowner whose home was wrongfully foreclosed on by Bank of America gets revenge by foreclosing on the bank’s local branch. In Georgia, in a different property dispute, a city.
Leads- Free Interesting Hint For real estate leads Online Lender? Think Again! Mortgage Masters Group Both parties are contesting the case on the grounds they do not fall under the scope of a “lender.” Think Finance is portraying itself as a financial technology provider, and Victory Park stated it merely provided money through “commercial transactions” that was used to make the online loans.
Bank of America, one of the "too big to fail" financial institutions, has failed, and in several ways, in this story that seems sweet justice to those who blame wall street for the Great Recession: the bank was essentially foreclosed upon.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff’s deputies foreclose on the bank. It started five months ago when Bank of america filed foreclosure papers on the home of a couple, who didn’t owe a dime on their home.