BAC Home Loans Servicing

Submitted by lmcshane on Mon, 03/28/2011 - 20:17.

I receive numerous "tips" in my email--this one is especially disturbing:

This Bac [Home Loans] - foreign corp owns 1550 properties in Cuyahoga County alone. 

Check the Auditors site:  http://fiscalofficer.cuyahogacounty.us/en-US/REPI.aspx

Not sure on the exact numbers, but can any one shed light on this investment scheme in NEO? 

Did BAC Home Loans assume Countrywide subprime foreclosures?

Also--

somewhat related--do a quick search at the Auditor's site for Archwood Ave.  You will see a company listed Marmik Properties. 

015-21-008  MARMIK PROPERTIES INC      DENISON  CLEVELAND 
015-21-009  MARMIK PROPERTIES INC      DENISON  CLEVELAND 
015-21-010  MARMIK PROPERTIES INC      DENISON  CLEVELAND 
015-21-032  MARMIK PROPERTIES INC      ARCHWOOD  CLEVELAND 
015-21-033  MARMIK PROPERTIES INC      ARCHWOOD  CLEVELAND 
015-21-034  MARMIK PROPERTIES INC      ARCHWOOD  CLEVELAND 
015-21-035  MARMIK PROPERTIES INC  04405    ARCHWOOD  CLEVELAND 
015-21-036  MARMIK PROPERTIES INC      ARCHWOOD  CLEVELAND 
015-21-037  MARMIK PROPERTIES INC  04413    ARCHWOOD  CLEVELAND 
015-21-065  MARMIK PROPERTIES INC  03734    FULTON  CLEVELAND 
015-21-066  MARMIK PROPERTIES INC  03728    FULTON  CLEVELAND 
015-21-007  MARMIK, PROPERTIES INC    W  45  CLEVELAND

????????????????????????????????????

BTW-what exactly does the agency Neighborhood Housing Services do?....sure, lots and lots of consultations take place--but just how many homes have NOT gone into foreclosure???????? 

What IS foreclosure prevention? 

I know a disabled, senior family facing TAX foreclosure on a commercial thoroughfare and NO ONE from any Cuyahoga County agency has stepped up to help this family--and, although they qualified for the Homestead Exemption for years--no one has bothered to explain or qualify this family for the discounted tax rate.

( categories: )

BAC looks like Bank of America mortgage servicing subsidiary.

Submitted by Jeff Buster on Mon, 03/28/2011 - 21:32.

The caption of this 2.2010 Massachusetts class action suit against BAC for their alleged failure to honor loan modifications is worth a read.  What the status of this case is now I don't know.  If a reader has the interest and time, maybe they could read up and fill us all in here. Thanks.   BAC was F/K/A Countrywide and you can read another Florida suit against BAC here (go to the very bottom of the page).  MERS was the mortgage note clearing house which most banks used to "hold" the notes.

Obstruction and Fraud Bank of America

Submitted by lmcshane on Sun, 09/11/2011 - 03:32.

This warrants immediate attention in NEO--but will continue to be ignored--rackeetering continues unabated and camouflaged by the mainstream media:

http://www.scribd.com/doc/33291518/10-06-19-Wright-v-Bank-of-America-et-al-5-10-cv-01723-at-the-US-Court-Northern-California-Racketeering-Alleged-by-Brian-Moynihan-and-Bank-America

It appears that Bank of America is using TARP monies to cleanse tax liens on foreclosed properties.  This paves the way for investors to benefit and pick up properties for pennies on the dollar.