Austin Talks: New report criticizes Bank of America for its foreclosure rate

Dorothy Daniel, 78, never asked the government for a bailout like Bank of America did. But after making payments on time every month for her home of 40 years, she asked for help before she needed it, and now, Daniels, an amputee, is not only fighting for her life but to save her home from foreclosure.

Daniel is just one of thousands of West Side residents fighting for their homes or businesses. This time, the fight is with Bank of America, which has the greatest number of foreclosures in the country, in Chicago and in Austin, according to a new report released Wednesday by National People’s Action.

Richard Simon, a spokesman for Bank of America, said the company’s policy is to exhaust all options before taking action to remove residents from their homes.

Read the entire article at Austin Talks.