SAN DIEGO (Reuters) – San Diego City Attorney Michael Aguirre said on Wednesday he had filed a lawsuit against Bank of America Corp (NYSE:BAC – News) and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a “foreclosure sanctuary.”
Aguirre said he plans to file similar lawsuits against Washington Mutual Inc (NYSE:WM – News), Wells Fargo & Co (NYSE:WFC – News) and Wachovia Corp (NYSE:WB – News) in an effort to make the lenders negotiate with mortgage borrowers facing foreclosure. “We would like to see San Diego become a foreclosure sanctuary,” Aguirre said.
(Reporting by Marty Graham in San Diego; Writing by Jim Christie; editing by Carol Bishopric)
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I love this statement: “foreclosure sanctuary”
Thanks fellow taxpayers and San Diego citizens for your kind donations to the Church of the Fannie Mae and Freddie Mac 🙂
In the lighter side of the news. BAC is $34/share today, which is slightly less than 90% up from last week before the curbs for shorting went in place. lol. This market makes no sense.
I guess maybe Mr. Aguirre thinks this will score some re-election points.
I wonder what real purpose does he think this will serve ?
Why not also sue automotive finance companies so that they can’t repossess vehicles. Make it a repossession-free zone. Cool. Free-love, power to the people.
I guess maybe Mr. Aguirre thinks this will score some re-election points.
I wonder what real purpose does he think this will serve ?
Why not also sue automotive finance companies so that they can’t repossess vehicles. Make it a repossession-free zone. Cool. Free-love, power to the people.
I guess maybe Mr. Aguirre thinks this will score some re-election points.
I wonder what real purpose does he think this will serve ?
Why not also sue automotive finance companies so that they can’t repossess vehicles. Make it a repossession-free zone. Cool. Free-love, power to the people.
I guess maybe Mr. Aguirre thinks this will score some re-election points.
I wonder what real purpose does he think this will serve ?
Why not also sue automotive finance companies so that they can’t repossess vehicles. Make it a repossession-free zone. Cool. Free-love, power to the people.
I guess maybe Mr. Aguirre thinks this will score some re-election points.
I wonder what real purpose does he think this will serve ?
Why not also sue automotive finance companies so that they can’t repossess vehicles. Make it a repossession-free zone. Cool. Free-love, power to the people.
I know if I were a bank and there was an area in which I was not allowed to foreclose, I would stop making loans in that area. This law would be the END of house buying.
I know if I were a bank and there was an area in which I was not allowed to foreclose, I would stop making loans in that area. This law would be the END of house buying.
I know if I were a bank and there was an area in which I was not allowed to foreclose, I would stop making loans in that area. This law would be the END of house buying.
I know if I were a bank and there was an area in which I was not allowed to foreclose, I would stop making loans in that area. This law would be the END of house buying.
