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Real Estate & Property Law

: The Home Equity Theft Reporter

Countrywide Faces Civil RICO, RESPA Charges In Washington Class Action Suit; Accused Of Using Phantom Subsidiary To Inflate, Pocket Appraisal Fees

By r morris

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In Seattle, Washington, the law firm Hagens Berman Sobol Shapiro LLP announced last week: A group of Washington homeowners this week filed a lawsuit against Countrywide, a wholly owned subsidiary of Bank of America (NYSE: BAC) and the nation's largest mortgage company, claiming the mortgage giant illegally rigged the appraisal process in a scheme to boost profits at the expense of homeowners and

Full post as published by The Home Equity Theft Reporter on January 19, 2009 (boomark / email).

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