Bank Of America Called Upon To Voluntarily Halt Countrywide Foreclosures In San Diego

In San Diego, California, KGTV Channel 10 reports:

• San Diego City Attorney Michael Aguirre Thursday called on the Bank of America to voluntarily stop foreclosures against certain properties within the city with mortgages held by Countrywide Financial Corp.

• The City Attorney's Office last week filed suit against the bank, which bought Countrywide earlier this year as the mortgage crisis spun out of control. Aguirre alleged that Countrywide engaged in predatory lending practices in San Diego. Aguirre sent a letter to the bank's Los Angeles attorneys – Paul McNamara and Brooks Brown -- asking for the foreclosure moratorium as "an act of goodwill," and not an admission of wrongdoing.

For more, see City Attorney Asks BofA To Stop Foreclosures.

Editor's Note:

City Attorney Aguirre has set up a hotline for all San Diego residents who are stuck with a Countrywide subprime mortgage. San Diegans facing foreclosure by Countrywide can call 619-533-5679 or go to the city attorney's Web site and click on the "Foreclosure Crisis" link. See Hotline Offered For Homeowners Facing Foreclosure With Countrywide.