Chicago Title Land Trust 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 Bank of America in a class action filed on Friday 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.