Well this is surprising…
Errors, inaction, morass of red tape vex homeowners trying to fend off foreclosure proceedings — and may end upcosting taxpayers billions
By NATHAN HALVERSON
THE PRESS DEMOCRAT
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…
Let’s see, running tally of known “errors” this year by Bank of America…
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
Trashed Out – This is Getting Ridiculous – Iraq Homecoming Spoiled After Bank of America Forecloses On Wrong Home AGAIN!
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
Bank of America at it AGAIN! Central Florida Couple Faces Foreclosure Despite Having Proof That All Mortgage Payments Were Made
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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Trashed Out – Again and Again and Again and Again Bank of America at it AGAIN – Bank Wrongly Repossessed Home and Stole Pet Parrot
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Reported by: Jackie Callaway Email: firstname.lastname@example.org 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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Double Pledged Note? – Couple Refinances Home Then Gets Two Statements, From Two Different Companies
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
I think I see a pattern…