Joplin, MO Real Estate Professional : Bank Of America Forecloses On A House With No MORTGAGE!

Bank Of America Forecloses On A House With No MORTGAGE!

This is so unbelievable that I had to pass it on.  It certainly is a story to prove that documentation is everything. 

Luckily for the new owner the title company had all the necessary documentation to prove that all the errors belonged solely to Bank of America. 

This certainly sends a strong message to watch and document everything you do if you have the misfortune to be working on anything with Bank of America.

Just when you thought you have heard them all! This one really had me wondering again, what planet are these lenders from? We should have a contest for the lender who does the most stupidest thing and award them a huge booby prize! fort lauderdale foreclosure story


John Grodensky bought his new home in Fort Lauderdale Florida in December of last year. He paid all cash for the property. He did not get a mortgage. Bank of America approved a short sale with the previous owner and accepted and received wired funds at the closing. The sale was also recorded in the Broward County clerk records. 

Boy was he surprised to find out this past July that the title to his home had been turned over to a government backed lender. He was scared to death to find out he had lost his home in a foreclosure that he never even knew about. 

The foreclosure case had continued in the courts and in July the foreclosure sale took place and the recording office transferred the title to Fannie Mae. 

And what about the culpability of the attorney involved in this blatant illegal foreclosure? Attorneys are being investigated in different cases. The banks are not communicating with their attorneys and the attorneys are not communicating with the courts. It is a mess. 

Bank of America has conceded to the mistake and said they will fix this problem with their own money so that John does not have to pay for the cost of their error. 

The biggest problem is that when a mistake like this happens and this is certainly not the first of these to happen, it is very expensive, time intensive and complicated to undo a foreclosure. 

When John found out that his house was no longer his house even though he paid for it, Bank of America did not return his calls, did not help him with his situation. Of course, they did not help until the news got hold of the case. Also, the foreclosure attorneys, the Florida Default Law Group also did not answer his questions. 

So if John had NOT gone to the Sun Sentinel would his pleas for help still be unanswered? 

Bank of America stated that this was an error in communication between them and the default attorneys at the law firm. But that does not help John that much at this point. 


If you are considering the option of short selling your Florida home in Palm Beach County, Broward County, St Lucie County, Martin County or Miami/Dade County- call us today at 561-753-0135 for a confidential intake evaluation in order to estimate the possible outcomes of your short sale. 







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Copyright © By Katerina Gasset 2010*Bank Of America Forecloses On A House With NO MORTGAGE!*

 


 


 

 


Barbara Calwhite

 

Barbara Calwhite, Broker-associate
Keller Williams Realty of Southwest Missouri
Cell Phone:  417-438-7387

                     

 

http://barbaracalwhite.com

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Comment balloon 3 commentsBarbara Calwhite • September 24 2010 03:34PM

Comments

Truly amazing!!  There seems to be no end to the stupidity of the banks and of course BOA leads the pack in foul-ups like these!

Posted by Bill Dean CDPE 314 575 6924, William Dean - Broker, Salesperson (Worth Clark Realty St. Louis, Mo.) over 6 years ago

Barbara, Good grief, that's really scary!!! I'm glad you reblogged it because I never saw it.

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) over 6 years ago

Barbara, this is about as bad as it gets!  I hope John ends up with some big time reparations! 

Posted by Menlo Park Real Estate and Homes for Sale, WendeByTheBay.com - 650.504.0219 - SF Peninsula (Wende Schoof) over 6 years ago

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