Class Action Filed Against Banks in Foreclosure Proceedings

Miami, FL: A class action lawsuit has been filed against BAC Home Loans Servicing, LP, a Texas Limited Partnership, a subsidiary of Bank of America Corporation, and successor in interest to Countrywide Home Loans Servicing, LP, a Texas limited partnership; Deutsche Bank National Trust Company, a New York corporation; and U.S. Bank National Association, a Minnesota association, on behalf of all those property owners who lost title to their property in foreclosure proceedings based on false and perjurious affidavits filed by the Banks and their servicing companies. They seek to restore title to the property owners.

The Complaint alleges that the Defendants obtained wrongful foreclosures by abusing the court process and submitting affidavits that were false, even though sworn to under penalty of perjury, as the basis for obtaining foreclosure judgments.

The property owners' due process rights were violated and the Banks used and abused the court rules and process to obtain judgments against all of the Class Members. The courts relied on the Banks to provide true and accurate affidavits before granting judgments and taking the property away from the property owners.

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Last updated on Nov-17-11

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