Bank of America has been hit with a class action on behalf of homeowners seeking damages for alleged disregard of foreclosure process rules. The suit, filed in federal court in New Jersey, accuses Bank of America and two subsidiaries, LaSalle Bank and BAC Home Loans Servicing, of "an undisciplined rush to seize homes" through "pervasive and willful disregard of knowledge, facts and statutes." The putative class consists of all named defendants in pending New Jersey foreclosure actions initiated by BofA or its affiliates.
Bank of America Sued in Class Action Over Flouting of Foreclosure Rules
New Jersey Law Journal
October 25, 2010