Monday, December 20, 2010

BofA Threatens Foreclosure on 1100 homes for “Nonpayment” of Current Taxes


A letter sent to hundreds of Bank of America’s mortgage borrowers in Clark County contained news no one wants to hear: Your home could be foreclosed for nonpayment of property taxes.


The letter from a Bank of America affiliate was sent to about 1,100 Clark County homeowners who’d actually paid their taxes.

Homeowners were quick to take action. Clerks at the Clark County Treasurer’s office fielded hundreds of queries last week from worried homeowners, said Michelle Denman, the office’s tax service manager.

A Bank of America official acknowledged the mixup Monday, saying the bank had requested tax payment status reports on Bank of America mortgage-holders before the final payments were due. Many people do not pay taxes until close to the due date.

Check out the rest here…

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