Sweet, sweet justice: Florida homeowners foreclose on Bank of America – We Interrupt

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The asset was valued at $54.5 million but was encumbered by a mortgage held by Bank America of over $93 million, leaving Bank America with a deficiency claim of $38.5 million. Other debts of the partnership included a second mortgage of some million held by a partner of the debtor, $2.3 million in real estate taxes and $90,000 in trade debt.

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Huge settlement In August 2014, then-U.S. Attorney General Eric Holder announced the Department of Justice had reached a $16.65 billion settlement with Bank of America “to resolve federal and.

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