Bank of America settles lawsuit involving Countrywide FInancial lending practices

Bank of America settled a class-action lawsuit stemming from their acquisition of Countrywide Financial based upon predatory lending practices in eleven states including Florida. The funds provided by this settlement includes lowering of interest rates, lowering principal, no loan modification charges, and waiving prepayment penalties. This new program was launched by Bank of America in December. For more information on this see the Florida Foreclosure Defense Lawyer’s Blog

If you have been served with a Florida Foreclosure Lawsuit or if you have concerns about the practices of your lender, contact a Jacksonville Foreclosure Defense Lawyer . Many Florida Foreclosure Lawyers are very adept at spotting this type of violation and providing the homeowner with a defense to a Florida Foreclosure Lawsuit.

For more information on Jacksonville or Florida Foreclosure Defense See the Florida Foreclosure Defense Lawyers Blog.

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