Bank of America has been accused of intentionally and systematically failing to release mortgage liens filed against its borrowers' property, despite the borrowers repaying all that they owed, thereby creating a "continuing cloud" on affected property titles, claims Chicago Title Land Trust in a class action filed on February 12, 2016 in a US court.
Bank of America has been accused of intentionally and systematically failing to release mortgage liens filed against its borrowers' property, despite the borrowers repaying all that they owed, thereby creating a "continuing cloud" on affected property titles, claims Chicago Title Land Trust in a class action filed on Friday in a US court.