Allegheny County has a big problem on its hands. There are more than 600 properties held under siege by Countrywide, aka BAC Home Loans, aka Bank of America Corporation, as evidenced on the county website, but this information is hidden from or not made clear to property owners due to an unwarranted and unjust SEC ruling. The use of mortgage servicers, sub-servicers, and so forth allows the continuation of fraud and predatory practices. So many more people are going to lose their homes.
There are several instances of neighboring properties held by BAC Home Loans with falsely deflated values in the latest assessments. I offer the example of my house and my adjacent neighbor's house. There are more close by, alarmingly close by. I have to wonder, are they victims, too? Are they also being illegally threatened with foreclosure? Be aware that this is common scenario across multiple districts in the City of Pittsburgh.
Developers are salivating.
I urge everyone to check the County Assessment website. Make sure the values are accurate, not undervalued. Make sure you know the nature of the company listed as your mortgage agent and your relationship to said company. Check the address listed for tax billing to ensure the accuracy the county records.
I pray that PA legislators will make careful decisions regarding pending settlements with banking institutions, et al. I pray that no language will be set forth that will permit fraudulent acts to continue under a different set of rules, that no language will be set forth that forces homeowners to accept injustice under the guise of a new government program. I pray that above all legislators will honor justice and rule of law.
And I pray that all residents cover their