The ongoing Foreclosure Rulings on Bank of America: Why the judge will not rule against it

• 28 Mar 2018
• News

According to several new publications on this trial, Bank of America Corp is being sued for damages from the Sundqvist Family. In general, this family filed their case based on the horrific treatment that they received during the foreclosure proceedings. With Judge Christopher Klein deciding in the favor of the family, he is imposing $45 million dollar penalty on Bank of America Corp for the part that they played in the callous treatment of the family while in the midst of a mortgage modification.

Since this case has started, there are several critical things that have been pointed out by the Judge and others involved in this case. Though this case has involved the hardships of one family and the inhumane treatment that was received by the bank and its officials, it can not be seen as one isolated situation because of its horrific practices. Specifically, because it has the potential to open up the doors of many others who may have been treated with the same unethical foreclosure banking practices too. Therefore, the bank and their Foreclosure Attorney teams are trying their best to have the huge penalties for this case vacated.

Foreclosure Lawyer Case is Called a Bank of America Corp Kafkaesque nightmare

Unfortunately, because of the gravity of what was done in practice by the bank, the Judge is constantly saying that these penalties cannot end up being a simple slap on the hands. Because the judge has deemed the banks practices as a “Kafkaesque nightmare”, he is not willing for the bank to get off with a conversation that will end in the Bank and their Boardroom laughing these and other related incidents off. Instead, this Judge’s intent is to render a judgment that will not leave this financial institution in a state that they continue to this institutional dishonesty and obstinance.

Bank of America Corp Foreclosure Attorney Seeking for Judge to Vacate the Decision

It is also important to note that the Bank and its Foreclosure Attorney are doing everything that they can to get the decision reversed. This is because one of their greatest fears is that it will set this case will set a precedent for more of their customers to file the same or similar claims and win. Also, to keep the information about the settlement from being disclosed to the public, the bank’s Foreclosure Lawyer is also fighting this ongoing bankruptcy case to ensure the information in the settlement and any other surrounding facts from being common knowledge. In a nutshell, their main goals include keeping the settlement private and reducing the high penalties from being imposed on Bank America.