BofA Deal Could Stick Borrowers With $4B Tax Bill: PIRG
By Igor Kossov ( August 25, 2014, 1:38 PM EDT) -- The U.S. Public Interest Research Group said Friday that $490 million set aside in Bank of America's mammoth toxic mortgage deal to offset income taxes for homeowners eligible for $7 billion earmarked for consumer relief funds will not be enough to prevent taxes from gobbling up a large portion of the settlement....
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