Deadbeats | Cape Coral Couple Sues Wells Fargo for Selling them Home it didn’t Own

The Barnharts are suing Wells Fargo along with American Home Mortgage Servicing Inc., Powerlink Settlement Services and Option One Mortgage Loan Trust 2007-CPI Asset Backed Certificates Series 2007-CP-1.

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Remember this from back in June of 2011?

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Wells Fargo FAIL | Cape Coral Family Pays Wells Fargo for Home Bank didn’t Own

Go ahead, buy that foreclosed home, I dare ya…

Brian and Holly Barnhart thought they were home free when they bought their Cape Coral dream house from Wells Fargo Bank – but the bank didn’t even own the house.

Now the Barnharts, who emptied their life savings to buy the house for $153,000 cash and renovate it for another $80,000, are stuck in limbo along with their two small children and a baby due in July.

If they needed to sell the house, they couldn’t because they never actually owned it, said their Fort Myers-based lawyer, Jack Pankow.

“It’s nerve-wracking to say the least,” said Brian Barnhart, a real estate agent with Gulf Gateway Realty. “And it’s killing us.”

So far, nobody’s stepping up to make things right.

At the heart of the problem is a mortgage foreclosure lawsuit filed by Wells Fargo in 2007 against Richard Riccobono for a mortgage he had on the house. The bank won the suit and then took back possession of the house, but moved July 30, 2009, to set aside its ownership.

That caused ownership of the house to revert to Riccobono.

But on Nov. 3, 2010, Wells Fargo sold the house to the Barnharts – who discovered two months later they didn’t really own it when they applied for a mortgage.

Check out the rest here…

Well…

Here is the latest…

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Cape Coral couple sue Wells Fargo

Bank sold them home it didn’t own

In the lawsuit, filed Aug. 15 by Jack Pankow, the Barnharts allege fraud, negligent misrepresentation, civil theft, conspiracy, breach of contract, breach of warranty and negligence.

Check out the update in full here…

Again, go ahead, buy that foreclosed home, I dare ya…

Suckas!!!

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4closureFraud.org

Comments
8 Responses to “Deadbeats | Cape Coral Couple Sues Wells Fargo for Selling them Home it didn’t Own”
  1. Mary says:

    Just curious who paid for the Title Services in this transaction? Was it the seller which is customary in Florida? I have been in Real Estate for many years. Ever since this foreclosure/Fraudclosure came to light, I advise all of my buyers that if they want title insurance worth the paper it is written on, pay for it yourself.
    A buyer I had who wanted to buy a home from Fannie Mae, was told to use Marshall Watson’s Title services. I was FLOORED! You mean the same company that the M-I-A David J Sterns was part of? ARE YOU KIDDING ME??? So we put it in writing that not only would the buyer be obtaining and paying for Title, it was a deal breaker if he was not allowed to. That deal fell through due to the non-disclosed Chinese Drywall, but that is an entirely different ugly story.
    So this same customer and I found him yet another home. Being sold by a certain bank. Which was kinda of bitchy about his obtaining his own Title Company demand. Why would they be, it’s not like LPS was their servicer! So, after trying to close his home for 3 weeks, and going through 3 different sets of closing documents he finally closed. WHY SO LONG for a Cash buyer to close? Well, the seller was one bank, but during the title work all of a sudden there are 3 banks laying claim to the home. One of the Deeds that was sent over, actually had the Buyer who was paying cash, CO-OWNING the property with one of the other banks!! I KID YOU NOT.

    It pays to have an extra set of eyes on the buyers side. A very well trained, skilled and professional set of eyes.

    • lvent says:

      MARY……..THE U.S. TAXPAYER PAID FOR ALL OF IT….THIS WHOLE MORTGAGE FRAUD OPERATION WAS FULLY FUNDED BY THE U.S. TAXPAYER……WE PAID FOR OUR HOMES OUT OF THE U.S. TAXPAYER DOLLAR AND THE BANKS COLLECTED INTEREST OFF OF THE TAX PAYERS PAID OFF HOMES..THAT IS WHY WE GOT THE PAID DEED RIGHT AFTER CLOSING……THESE CROOKS ALSO MADE HUNDREDS OF TRILLIONS GAMBLING OFF OF OUR SIGNATURES ON EVERY ASPECT OF THE FAKE LOANS YOU CAN THINK OF….AND GOT BAILED OUT BY THE TAX PAYER FOR RINGING US UP TO THE TUNE OF GET THIS, 40 TRILLION IN COLLATERAL FRAUD…THEY TOOK OUT AT LEAST 10 MORTGAGES ON EACH PIECE OF PROPERTY IN AMERICA……WHAT A SCAM HUH? THE BANKSTERS BETTER RUN FOR THEIR LIVES…….

      • housemanrob says:

        Don’t foeget the credit default swap, collecting 1,2or 3xs the loan value, by Wells Fargo…….grab the cash worry about the screwed homeowner and the bogus loan and f@#ked land title….now permanently corrupted!

      • lvent says:

        Right on Rob!!….talk about financial terrorism and greed!!……WOW…..Max Keiser was spot on about everything….he will have a new episode on today….Bloomberg reporting this morning that Brian Moynihan is trying to hold it together while mortgages fall apart…Check out Max and Stacey:
        http://maxkeiser.com/

  2. J. Alonzo says:

    It’s called fraud, but know gets arrested or charged. If it’s a little guy he or she would be in jail.
    Down with the evil banks!

  3. Mario Kenny says:

    Its only just began, not like we did not warn of this as a matter in fact we argued this all the way to the bank for all these years, now we do not have to do very much anymore the ground work is done and the play has taken on a life all it own.

  4. lies is all they tell says:

    and they are not in the FHFA lawsuit hmmmm gotta wonder

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