Foreclosure Bank Of America

Hi buddy here I have come to collect info related to Foreclosure Bank Of America, so will you plz let me know about the same , as my cousin want to know about the same ??

[shikha]

Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets.

Foreclosure is a legal process in which a lender sells your property to recover its losses, including the balance of the loan and costs of collecting the debt and foreclosing on the property. Bank of America can help you learn about home foreclosures with helpful tools, resources and mortgage products that can help make the process of buying a bank foreclosure an easier one

Foreclosure can occur for any of the following reasons:

Failing to make loan payments

In some cases, transferring ownership of your property without your mortgage lender s consent and paying off the debt

Otherwise violating the terms of your loan documents

Bank profile:
Type Public
Traded as NYSE: BAC
S&P 100 component
S&P 500 component
ISIN US0605051046
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 113 years ago (as Bank of Italy)
February 1930; 87 years ago (as Bank of America)
October 2000; 17 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, U.S.
Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines[3]
Area served Worldwide
Key people Brian Moynihan
(Chairman and CEO)
Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$89.701 billion (2016)
Net income US$17.906 billion (2016)
AUM US$886.148 billion (2016)
Total assets US$2.187 trillion (2016)
Total equity US$266.84 billion (2016)
Owner Berkshire Hathaway (7.09%)
Number of employees 208,000 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
Merrill Edge
U.S. Trust
Capital ratio 10.8% (2016)
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)