BoA is run from the very top like a loan shark.
So he had to have had insurance previously. Why haven’t they paid off yet?
BOA needs to fail.
Several issues here. Headline is misleading. Just because a house is destroyed, doesn’t mean the lender can’t foreclose on the underlying land.
Notice requirements here are vague. He was overseas, which means nothing. If the owner didn’t notify lender of a new mailing address, than it’s the borrower’s problem.
Having said that, B of A is scum. I hope they go out of business.
OK, so I see some errors made, but I don’t see where BofA acted with any sort of bad intent. People make mistakes, in big companies and small companies. The insurance company made a pretty big mistake too, if they wrote a policy on a house that had already been destroyed by a hurricane.
Seems like a set of screw-ups that shouldn’t be all that hard to unravel.
IMO Business Insider has no credibility as an objective publication. Their stories have more of a People Magazine slant.
I don’t now why anyone would do their banking at BOA.
Fiasco? Fiasco??
Stupid, yes. But this doesn’t amount to a fiasco.
God, the b.i.-blog editors suck. Hyperbole must be on the breakfast menu there.
There was the story about the doctor who amputated the wrong leg on a patient. Terrible thing that made the news; but it probably doesn't happen often!
SFL