Payback! Hundreds of Homeowners Associations Threaten Banks with Foreclosure | Alternet

Payback! Hundreds of Homeowners Associations Threaten Banks with Foreclosure | Alternet
"Florida is one of the states hardest hit by foreclosures, and there are nearly a half-million foreclosed houses now standing vacant and often slowly deteriorating. When a bank forecloses on a house, evicts the family and then repossesses the property, it also assumes responsibility for maintaining the home and yard and paying homeowner or condo association fees. Yet, some of the nation’s largest and richest banks have been unable or unwilling to upkeep their properties—prompting neighbors across Florida to declare enough is enough."

US to Sue Bank of America for $1bn Over 'Brazen' Mortgage Fraud | Common Dreams

US to Sue Bank of America for $1bn Over 'Brazen' Mortgage Fraud | Common Dreams
"Federal prosecutors are suing Bank of America for $1 billion over mortgage fraud."