Sunday, March 20, 2011

Indiana Lawsuit: Fraud, 'Robo-Signers' Used To Process Foreclosures

INDIANAPOLIS -- Bank of America is in the bull's-eye of a proposed class-action lawsuit filed in Marion County.

The complaint accused the bank of racketeering mortgage documents in order to crank out mass foreclosures, 6News' Rafael Sanchez reported.

Judy Canada of Indianapolis said she's a victim and a plaintiff named in the lawsuit.

Canada lived in a condo at 5506 Greenview Drive for more than 15 years. When the economy took a downturn, her finances changed and she fell behind on her payments for several months.

"I spent a year trying to save my condo not knowing they were working on a foreclosure," said Canada.

Canada said that she was working on a deal with the bank when she agreed to give up her deed, move and get $3,000 to relocate.

Despite those plans, she said her home was put up for a sheriff's sale last year.

Canada said she believes filing the lawsuit will get the bank's attention.

"Treat us like we are human beings, not numbers and pieces of paper," Canada said.

Read on.

No comments: