Bank of America filed a foreclosure lawsuit against the mayor of North Miami, who said he hadn’t made payments because he’s underwater on his mortgage, according to the South Florida Business Journal.

Andre Pierre said he tried to negotiate a loan modification on the 2,495-square-foot home, less than a year after he modified it at $432,538.

The mayor and his wife, Bernadette, purchased the house for $353,000 in 2003.

Read more at the South Florida Business Journal.

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Americans are staying put in record numbers

The share of people who moved in the 12 months through March fell to the lowest level on record, adding to the woes of a housing market plagued by supply shortages.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please