Bank of America Reported as Biggest Forecloser

A recent report indicates that Bank of America is the nation's biggest foreclosing servicer. 
The National People's Alliance out of Chicago, Illinois released a report identyfing Bank of America as
the leading foreclosing servicer in the country, illustrating its point by referring to the number of
foreclosed units in the Chicago area.

At Phillips & Garcia we hear more consumer complaints about BOA engaging in illegal lock-outs and trash-outs
and wrongful foreclosures than any other servicer.  This may be attributable to the number of loans BOA services or a direct reflection of the failed communication systems we've heard about at BAC, BOA's servicing subsidiary. 
It is probably a combination of both.

Home foreclosure filings for the first half of 2010 totaled 1,961,894.  This is a staggering statistic. 
Nearly 2 million homeowners were at risk of losing their homes in the last six months.  Many of those folks
were victims of illegal lock-outs and trash-outs.  In the last month we have had an increase in illegal lock-out
and trash complaints, primarily from Florida, California and Arizona.

If you have questions regarding an illegal lock-out, trash-out or a wrongful foreclosure, please contact us directly
or fill out a contact form on our website.  We would be glad to hear your story and see if we can help.