Well this is surprising…
MORTGAGE MELTDOWN
Frustration with banks reaching boiling point
Errors, inaction, morass of red tape vex homeowners trying to fend off foreclosure proceedings — and may end upcosting taxpayers billions
Kent Porter /PD
By NATHAN HALVERSON
THE PRESS DEMOCRAT
Some excerpts…
Keith and Julie Hanover felt like someone was trying to steal their home.
Bank of America had started foreclosure proceedings on their house in Kenwood. Yet the Hanovers had never missed a mortgage payment. In fact, Bank of America wasn’t even their lender.
The nation’s largest bank appears to have mistakenly determined it owned their loan due to a clerical error resulting when another mortgage company collapsed and was taken over by the federal government, according to court records.
The Hanovers spent seven months hounding and pleading Bank of America to fix the mistake. But none of the numerous bank representatives they contacted was able to solve the problem.
“It’s like their foreclosure process is on auto pilot,” Keith Hanover said. “It starts and there is nothing anyone can do to stop it.”
Finally, distraught and exhausted, the couple hired a Santa Rosa attorney who got a court injunction to stop the auction of their home set for 11:30 a.m. April 30 on the Sonoma County courthouse steps.
“You’re just losing your mind,” Keith Hanover said. “We had never even missed a mortgage payment.”
Bank didn’t admit error
Bank of America has still not admitted it made a mistake in the Hanover case.
The couple filed a lawsuit in Sonoma County Superior Court to stop the bank from seizing their home.
“When they came and were literally going to pull our house from underneath us, we knew we had to sue,” Keith Hanover said.
But the couple had tried other means first. They agreed last November to refinance their loan with Bank of America to get a lower interest rate and fix the problem. They thought the bank would have to acknowledge the mistake once it ran a title history and required title insurance.
But instead of fixing the problem, the Hanovers started getting two mortgage bills every month from Bank of America. One bill showed they were current on their $630,000 mortgage. The other monthly statement continued to report they were months behind.
“They kept saying the paperwork would catch up. That everything would be OK,” Keith Hanover said. “Then they started to foreclose.”
Read entire article here…
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Let’s see, running tally of known “errors” this year by Bank of America…
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Trashed Out – Lawsuit Accuses Bank of America of Seizing Wrong House
Posted by Foreclosure Fraud on January 10, 2010 · 9 Comments (Edit)
Here we go again… By Laura Elder The Daily News Published January 10, 2010 GALVESTON — A West End property owner is suing Bank of America Corp., asserting its agents mistakenly seized a vacation house he owns free and clear, then changed the locks and shut the power off, resulting in the smelly spoiling of … Read more
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Trashed Out – This is Getting Ridiculous – Iraq Homecoming Spoiled After Bank of America Forecloses On Wrong Home AGAIN!
Posted by Foreclosure Fraud on January 21, 2010 · 1 Comment (Edit)
Pattern Here Folks??? Bay State Couple Says Bank Took Possession Of Wrong Home In Florida BOSTON — A Massachusetts couple says their son’s homecoming from Iraq was spoiled when Bank of America/Countrywide foreclosed on their Florida home, which they owned free and clear, according to a lawsuit. Homeowner Charlie Cardoso, of New Bedford, was shocked … Read more
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Bank of America at it AGAIN! Central Florida Couple Faces Foreclosure Despite Having Proof That All Mortgage Payments Were Made
Posted by Foreclosure Fraud on January 28, 2010 · 6 Comments (Edit)
Roger Wilsford and Teresa Stamey are about to lose their mobile home to foreclosure. Wilsford said he’d been paying his monthly payments of $762 to mortgage company Taylor, Bean and Whitaker, but last August it went into bankruptcy and he didn’t know it. “Still, you know, I’d get a bill from Taylor, Bean and Whitaker, … Read more
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Bank of America at it Again – Foreclosed on Over 40 Cents?
Posted by Foreclosure Fraud on February 13, 2010 · 5 Comments (Edit)
By WINK News Story Created: Feb 11, 2010 at 4:33 PM EST Story Updated: Feb 11, 2010 at 6:33 PM EST LEE COUNTY, Fla- In the middle of the multi-billion dollar foreclosure crisis, there’s a southwest Florida family that could lose their house over a 40 cent mistake. According to the homeowner, that mistake was … Read more
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Trashed Out – Again and Again and Again and Again Bank of America at it AGAIN – Bank Wrongly Repossessed Home and Stole Pet Parrot
Posted by Foreclosure Fraud on March 9, 2010 · 5 Comments (Edit)
From the Home Equity Theft Reporter Woman says Bank of America wrongly repossessed home Tuesday, March 09, 2010 By Sadie Gurman, Pittsburgh Post-Gazette A Hampton woman is suing Bank of America, saying one of its contractors wrongly repossessed her home, padlocked the doors, shut off the utilities, damaged the furniture and confiscated a pet parrot, … Read more
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Bank of America Forecloses, Auctions Home with Paid-Up Mortgage
Posted by Foreclosure Fraud on April 10, 2010 · 3 Comments (Edit)
Here we go again… Metro Family Nearly Loses Home in Error Reported By: Julia Harding | Edited By: Leigha Baugham JACKSON COUNTY, Ga. (MyFOX ATLANTA) – A Jackson County family said Thursday that they nearly lost their home when somehow it landed on a foreclosure list and was auctioned off on the courthouse steps. On … Read more
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Trashed Out – BOA Does it Again – Bank of America Attempt to Foreclose on Wrong Home Averted
Posted by Foreclosure Fraud on May 4, 2010 · Leave a Comment (Edit)
Reported by: Jackie Callaway Email: jcallaway@abcactionnews.com Last Update: 4/30 8:14 am Bank attempts foreclosure on wrong home SARASOTA, Fl — Neighbor Scott Mondro started asking questions as soon as he spotted the stranger drilling holes in his neighbor’s door. Turns out the guy with the hardware was representing Bank of America. Scott Mondro shares the … Read more
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BOA, aka Bank of America, Tries to Rape and Pillage a PAID IN FULL Home AGAIN!!!
Posted by Foreclosure Fraud on May 26, 2010 · 1 Comment (Edit)
I have had enough of this shit, haven’t you? Homeowner – “I Honestly Felt Like Bank of America was Trying to Steal my Property” Lets see, how many times have I posted about BOA and other “lenders” “Trashing Out” <– Link, homes this year? Hmmm? Sorry, I ran out of fingers… Here is an extra … Read more
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Double Pledged Note? – Couple Refinances Home Then Gets Two Statements, From Two Different Companies
Posted by Foreclosure Fraud on July 18, 2010 · Leave a Comment (Edit)
Sound familiar? It should… Freddie Mac / Bank of America / Taylor Bean Whitaker – IMPORTANT INFO & STATEMENT REGARDING ASSIGNMENTS… TRANSFERS… NOTE OWNERSHIP!!! ~ “Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies“ ~ Ironically, the lenders mentioned below are Bank of America and … Read more
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I think I see a pattern…
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[…] Bank of America – Confiscating Homes They Don’t Own – BofA Attempts Foreclosure on Current Loa… […]
[…] Bank of America – Confiscating Homes They Don’t Own – BofA Attempts Foreclosure on Current Loa… […]
We too were current with our payments on our rental property but showed up to collect rent (property out of state) and were told our home was foreclosed on and sold!!!!!!!!! Interestingly enough, it seems all the foreclosure papers went to a PO BOX which was fraudulantly opened! The FBI is working on it SLOWLY, meanwhile our tenant is no where in sight and someone is living in the home we were going to use for our children’s education. We refied this house from Countrywide some years back and our BOA statements show current! How can this be happening to us???? We are devastated but will fight for justice! We want our house back and will not stop until we get it! It all makes sense now, we have suffered from fraud for years. Wow, I still can’t believe it—PLEASE write back if you have a similar story. If we don’t fight for justice who will?!
It’s just so sad that this couple have to undergo this difficult situation because of the bank’s clerical error. I bet some other people experienced like this.. But at least the couple is lucky enough to keep all their documents pertaining to this issue. Good luck guys on this matter. Hope the bank would stop this unreasonable foreclosure and admit their mistake.