Post by Sparky on Jul 23, 2008 23:34:50 GMT -8
San Diego sues Bank of America to halt foreclosures
biz.yahoo.com/rb/080723/bankofamerica_foreclosures_lawsuit.html?.v=1
SAN DIEGO (Reuters) - San Diego's city attorney said on Wednesday he filed a lawsuit against Bank of America Corp (NYSE:BAC - News) and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in the city, which he aims to make a "foreclosure sanctuary."
City Attorney Michael Aguirre plans to file similar lawsuits against Washington Mutual Inc (NYSE:WM - News), Wells Fargo & Co (NYSE:WFC - News) and Wachovia Corp (NYSE:WB - News) in an effort to make the lenders negotiate with mortgage borrowers facing foreclosure.
"We would like to see San Diego become a foreclosure sanctuary," Aguirre said.
biz.yahoo.com/rb/080723/bankofamerica_foreclosures_lawsuit.html?.v=1
SAN DIEGO (Reuters) - San Diego's city attorney said on Wednesday he filed a lawsuit against Bank of America Corp (NYSE:BAC - News) and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in the city, which he aims to make a "foreclosure sanctuary."
City Attorney Michael Aguirre plans to file similar lawsuits against Washington Mutual Inc (NYSE:WM - News), Wells Fargo & Co (NYSE:WFC - News) and Wachovia Corp (NYSE:WB - News) in an effort to make the lenders negotiate with mortgage borrowers facing foreclosure.
"We would like to see San Diego become a foreclosure sanctuary," Aguirre said.