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Real Estate & Property Law

: The Home Equity Theft Reporter

Lawsuit: BofA Attempted Foreclosure On 'Ike-Ravaged' Home Over Unpaid $107K Loan Despite Sitting On $196K Pile Of Cash From Insurance Proceeds

By r morris

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In Harris County, Texas, Ultimate Clear Lake reports:A woman is suing Bank of America after her home, located in Clear Lake, was damaged by Hurricane Ike. Marie Holmes filed a lawsuit on Jan. 13 in the Harris County District Court against BAC Home Loans and Bank of America, alleging breach of contract and breach of duty.Holmes says that the defendant continues to hold onto $196,000 in insurance

Full post as published by The Home Equity Theft Reporter on January 19, 2011 (boomark / email).

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