I’ll be seeing you — er, me — in court.
In a strange case of self-flagellation, Bank of America appears to be suing itself over a number of faulty foreclosures in Florida.
Apparently, the bank is both the loan servicer and the second-lien holder of defaulted mortgage debt on several condominiums in Palm Beach County.
Mortgage lawyer Lynn Szymoniak told Huffington Post that the bank has filed at least 11 lawsuits there naming itself as both the defendant and the plaintiff.
But a bank spokeswoman refutes the characterization of the bank as suing itself.
“The document that Huffington Post provided us is not an example of BAC suing BAC but rather it is a formal notification of the commencement of a foreclosure action in Florida,” said BofA’s Jumana Bauwens.
The likely scenario is that the “borrower has two loans with BAC — a first lien and a second-lien home equity loan,” she said in an e-mail.
Bauwens said that what has been filed with the courts is known as a lis pendens, or a notice of dispute of ownership attached to property.