Supreme Court Sinks More Homeowners into Permanent Debt

Citizen Wealth Financial Justice Foreclosure Ideas and Issues

New Orleans    In a startling unanimous decision, the US Supreme Court overturned an 11th Circuit Court of Appeals decision finding in favor of Bank of America that even bankruptcy protection does not allow underwater homeowners the ability to escape the obligations of second mortgages.  The impact of the decision allows zombie banks to continue operating …

Continue Reading