A Different "Law" for the Banks

Here is yet another example of a big bank "making a mistake" an trying to throw a family out of their home despite the law which says that owners can't be evicted on false charges and bad paperwork. But sadly, that law isn't applied in America. If it were, the CEO of Bank of America would be facing jail time for failing to stop the illegal foreclosures which his firm is perpetrating again and again...

In one of the more bizarre foreclosure cases, Bank of America is threatening to throw a West Hartford family out of their home even though the couple never missed a mortgage payment.

The largest bank in the United States earlier this month notified Shock Baitch and his wife Lisa (Friedman) Baitch that foreclosure action will start today – Christmas eve – unless the couple agrees to put their home up for a forced sale.

Why?

Because another unit of Bank of America erroneously reported to credit agencies that the family was seeking a loan modification, ruining their credit rating and as the result putting their mortgage into default.

All this is happening even though the bank – after admitting it erred and sent a letter of apology in September – handed this case to a special unit at Bank of America that is charged with dealing with severe customer issues. It promised to notify the credit reporting agencies that the couple were not deadbeats, but were good credit risks.

“I have never seen a case like this,” said Manchester attorney Wendell Davis, whose office handles many foreclosures.

Before taking the case, Davis said he thoroughly checked Baitch’s records and found that all his and his wife’s allegations were accurate.

“They have never even been late on a mortgage payment,” said Davis this morning in an interview.

Davis, a member of the Ct Bar Association’s foreclosure committee, said he is preparing a lawsuit to protect his clients because it’s the only way to hold Bank Of America accountable for its actions.

And this...

I guess what they are doing to his couple is not as bad as what Bank of America did in Florida where it seized a house which a Massachusetts couple had paid cash for. The bank removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.

In a country with a properly functioning legal system you are allowed a "mistake" once, maybe twice, but not time after time after time. But Bank of America (and the other big banks) have literally made this "mistake" hundreds if not thousands of times. It is time for the farce to end. Forcing innocent victims to go before courts to seek protection against criminals is just plain wrong. The cops should arrest the CEO of Bank of America and the other big banks. That would stop these illegal foreclosures!