by Calculated Risk on 7/23/2008 05:39:00 PM

From Reuters: San Diego sues Bank of America over foreclosures

San Diego City Attorney Michael Aguirre said on Wednesday he had filed a lawsuit against Bank of America ... and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."

Oh my ...

Note: I'm at the Inman Real Estate conference in San Francisco. I'll have more later ...