In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks

In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks

By ANDREW MARTIN
Published: December 21, 2010

TRUCKEE, Calif. — When Mimi Ash arrived at her mountain chalet here for a weekend ski trip, she discovered that someone had broken into the home and changed the locks.

When she finally got into the house, it was empty. All of her possessions were gone: furniture, her son’s ski medals, winter clothes and family photos. Also missing was a wooden box, its top inscribed with the words “Together Forever,” that contained the ashes of her late husband, Robert.

The culprit, Ms. Ash soon learned, was not a burglar but her bank. According to a federal lawsuit filed in October by Ms. Ash, Bank of America had wrongfully foreclosed on her house and thrown out her belongings, without alerting Ms. Ash beforehand.

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4closureFraud.org

Comments
10 Responses to “In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks”
  1. kravitz says:

    More karma.

    “MBIA’s suit against Bank of America and its Countrywide unit is one of at least 12 claims brought by insurers in state and federal courts targeting issuers of mortgage-backed securities, including Deutsche Bank AG, Credit Suisse and GMAC Mortgage LLC. Government-owned mortgage companies Fannie Mae and Freddie Mac, and bond investors such as MetLife Inc., are also pursuing repurchase demands from originators of the securities.”

    Bank of America Loses Bid to Stop MBIA Using Statistics in Fraud Lawsuit
    http://www.bloomberg.com/news/2010-12-22/bofa-loses-evidence-ruling-in-mbia-fraud-suit-over-21-billion-in-coverage.html

  2. ny says:

    Start shooting motherfuckers…

  3. A recent newspaper report stated BofA was settling a foreclosure fraud (I believe it was) case, giving thirty-two million dollars to fifteen thousand people. That works out to a little over 2k per person.

    That is insufficient to the point of cruelty! The banks need to replace everything they have stolen! Every. Single. Thing! and pay damages, rent, property taxes, utilities, hotel bills, and every other expense the home’s rightful owner had to pay.
    House payments the homeowner made, while being told modification was coming soon: All on the bank!

    The way the banks have been behaving is not only illegal, but UnAmerican, too!

  4. kravitz says:

    Irony. Karma.

    “McGee started her website in 1995 as a place for investors to find information on buying distressed properties. The website, which caters to paid subscribers, has grown in popularity. Along the way McGee became a renowned expert – writing books, offering seminars and getting quoted regularly in media nationwide, including The (Sacremento) Bee.”

    Foreclosures.com founder faces auction of Fair Oaks house
    http://www.sacbee.com/2010/12/22/3274557/foreclosurescom-founder-faces.html

  5. Rosetta says:

    They are going to “break-in” the RIGHT house one day, and get a SURPRISE! SURPRISE!! Something they are not expecting will be waiting for them. Trust me, on that!!

  6. Stupendous Man - Defender of Liberty - Foe of Tyranny says:

    Banks only admit to wrongdoing after protracted legal battles, and only when it is clear to them they have no other options. That isn’t what I consider to be an admission at all.

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