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07-24-2008, 11:44 AM #1
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San Diego Sues Bank of America Over Foreclosures
San Diego Sues Bank of America Over Foreclosures
Wednesday, July 23, 2008 4:15 PM
SAN DIEGO -- San Diego City Attorney Michael Aguirre said Wednesday he had filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."
Aguirre said he plans to file similar lawsuits against Washington Mutual Inc, Wells Fargo & Co and Wachovia Corp in an effort to make the lenders negotiate with mortgage borrowers facing foreclosure.
"We would like to see San Diego become a foreclosure sanctuary," Aguirre said.
"We haven't seen the lawsuit and can't comment," said Bank of America spokeswoman Shirley Norton.
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