Banks Challenged Over Foreclosures

From The Rolling Stone:

A couple of housekeeping issues — I now have two new articles online. One is a Men’s Journal piece about sports feuds (it’s been a really excellent year or so for sports spats), and the link for that is here.

The other is “Invasion of the Home Snatchers,” a long piece about the foreclosure crisis. When I went down to Jacksonville to research this piece I initially told my editors that it wouldn’t be possible to do this article in one shot, that we would have to break it up into two parts or a series, because there was so much material. We had to leave an awful lot out of this article, purely for space reasons, among other things details about a wave of class-action lawsuits that are coming out now in various places around the country.

One such suit was filed by a Newark-based lawyer named Lawrence Friscia, who has launched a powerful suit against Bank of America and two subsidiaries for predatory practices on the one hand and a rush to commit fraud on the other. Friscia’s complaint eloquently spells out the entire history of the mortgage scam and anyone who is interested should check out Beals v. Bank of America.…Read More

Visit friscialaw.com

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