BofA and the Parrot: Bird’s Eye View of the Foreclosure Mess

Jeff Swensen for The Wall Street Journal
Angela Iannelli and her 11-year-old Blue Macaw, Luke, missing. “It isn’t about the parrot,” a lawyer for Angela Iannelli told me. The issue, insisted the lawyer, Michael Rosenzweig of Edgar Snyder & Associates in Pittsburgh, was the distress inflicted on Ms. Iannelli by Bank of America Corp.’s bungling. As we reported Wednesday, the bank apologized for an incident in which its contractors entered her home near Pittsburgh while she was out, cut off utilities, padlocked the door and confiscated her pet parrot. Though Ms. Iannelli had fallen a month or so behind on mortgage payments, her case hadn’t reached the stage at which Bank of America would be justified in taking such actions to “secure” the collateral. She had to find someone with a bolt cutter…(read more)

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