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Real Estate & Property Law

: The Home Equity Theft Reporter

BofA Looks To Unload At Least $1B In Crappy Paper; Lender/Servicer May Be Tiring Of Continued Hammering To Public Image

By r morris

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The New York Post reports:Bank of America, the country's No. 1 mortgage lender, battling to fix or get out of more than 1 million past due home loans, has put at least $1 billion of the toxic paper on the block, The Post has learned.Buyers for the loans, which BofA has already written off, are circling. Bids are due by the end of December, sources said. The sale of the block of mortgage assets,

Full post as published by The Home Equity Theft Reporter on December 18, 2010 (boomark / email).

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