Supporting, Informing & Connecting People in Foreclosure
Thank you to Paula Rush, who taught me to be on the look out for this type of information.
A group of investors are suing Bank of New York Mellon as Trustee for Countrywide CWALT Alternative Loan Trust Series 2006-OA10.
The investors presented an exhibit showing appraisal fraud in 1,432 loans out of the study pool of 2,166 loans chosen from the 6,531 total loans in the trust.
These 1,432 loans can't be fraudulent in a NY State court but good enough to fraudclose upon around the country. This is critical information for those families at risk of dispossession and homelessness.
Check the info and the exhibits carefully if you might have a loan in this trust. Clues are that the loan is a 2006 loan, originated by Countrywide (but many other originators were acting as fronts for this operation), serviced by Countrywide and then BAC Home loans, and of course if the fraudclosing trust is the same.
If you find your loan, it might be worth reaching out to the Walnut Place attorneys to help them in their lawsuit. They might have some pull in helping to save your home, as well as the homes of others who were crushed by this trust, as they litigate their securities fraud case. And by all means, consult an attorney who can help you determine the value of this information in your claims of violations of consumer rights legislation and in defense of your home.
Walnut Place LLC v. Countrywide Home Loans Inc | Bank of America Sued by Investors Seeking to Unload Loans http://wp.me/pFWnq-50o