Where there’s money involved, people are just one step away from committing a fraud. The latest perpetrator of foreclosure fraud has been hit with a class action lawsuit on behalf of all the homeowners out there. I guess, it’s the perfect time to let those banks know about Who’s who and What’s What.

The lawsuit was filed against the Bank of America in a Federal Court in New Jersey. The suit simply alleges that the Bank’s policies for homeowners are pervasive and willful, and also they’ve an unlawful way of seizing homes. I’d like to remind you about Bank of America’s last month statement, where it said that the officials are looking forward to seize a lot of homes.

Back then, the Bank was also looking forward to getting permission from some states for the seizure of houses. So that’s what it was all about. Speaking of which, New Jersey is just one state, there are more down the road.

The issue buds from one woman’s doings. She was/is an employee at the Bank of America. Rumor has it that the woman signed thousands of foreclosure complaints without even giving them a second look. Perhaps she thought that it wasn’t “necessary” to “waste” her time on those highly important applications.