BofA Sued In FL Over Forced Placed Insurance

David Beasley, Business Week Bank of America Corp. (BAC) was sued in a Florida federal court by homeowners who allege the company overcharged them for so-called force-placed insurance. Force-placed insurance, which mortgage companies can purchase for homeowners when their policies lapse, is a “financial windfall” for Bank of America, according to a complaint filed yesterday in West […]

Like Nazis, Wells Fargo Tries To Seize Temple

Wells Fargo sends Chabad of Boca Raton to foreclosure auction Brian Bendell, South Florida Business Journal Only six weeks after filing a foreclosure lawsuit against Chabad of Boca Raton, Wells Fargo Bank  won a judgment that has set the temple and Jewish school up for auction. The bank (NYSE: WFC) filed a foreclosure lawsuit on May 4 […]

Hernando County follows The Lead Of Two Michigan Counties

Sues Fannie/Freddie For Unpaid Taxes Kimberly Miller, Palm Beach Post Mortgage giants Fannie Mae and Freddie Mac illegally evaded paying real estate transfer taxes on tens of thousands of properties in Florida, according to a lawsuit filed by the Hernando County Clerk of Courts seeking to collect those fees. The suit is the first of its kind […]

Neil Garfield

Michael Redman Is An Idiot And Other Observations

More Proof Michael Redman of Fame Is An Idiot Steve Dibert, MFI-Miami Up until yesterday I only suspected that convicted felon Carol Asbury’s propagandist, Michael Redman, was an idiot.   After all, he fell for her bullshit and even lied for her by telling people he started and owned the website, so Asbury […]

Even with foreclosures on the rise, banks will repossess fewer homes this year

Kimberly Miller. Palm Beach Post More new foreclosure cases were filed last month statewide and in Palm Beach County than in April or May 2011, but experts say many of the homes will never end up in bank hands. Increasing efforts by lenders to negotiate short sales will divert distressed properties from the foreclosure pipeline, […]

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