Own bank stock?

[Breand]

It's a combination of the slew of lawsuits that will be filed since it's been proven they didn't do due diligence in filing the foreclosures (they were robo-signing them which is illegal in many states) and now they have to freeze all re-sales of foreclosed homes which means they won't be able to collect mortgages on a ton of properties (which in turn will create a slew of lawsuits from the new property owners who are forced to vacate the home they just purchased.)

If any of you are potentially buying a foreclosed home, don't. You will need to see how this plays out.