Saturday, February 13, 2010

Not Content With Foreclosures, Bank of America Steals House


This is something that reads straight out of The Onion because it has to be read to be believed.

First, the abstracts: In Spring Hill, Florida, Bank of America seized a home, changed the locks, removed the owners' personal property, chased out the three tenants, turned off the utilities (the pipes froze in the process) and probably ruined the homeowners' credit rating.

Here's the catch:

The house already belonged to the couple, Maria and Charlie Cardoso of New Bedford, Massachusetts since they already paid for it five years ago in cash. That's right, they haven't even a mortgage. The home is owned by them lock, stock and barrel.

When the Cardosos were notified by their alarmed tenant who thought she could rent from them as long as she wanted, they hired a lawyer and contacted the bank's realtor. Apparently, BoA was supposed to foreclose on a house across the street and ten doors down. But even when provided proof of their error, they insisted on going through with the process, anyway.

The Cardosos had to leave their New Bedford home just before their son came home from Iraq for a two week leave to keep these rapacious, bailed-out ($20 billion in aid, another $118 billion in guarantees) banking bastards from literally stealing their home.

In summation: Not content with heartless foreclosures after duping unwary people years ago with high risk loans, they then steal a house even after being apprised of what began as a simple clerical error and now the Cardosos have to pay legal costs they don't have (Charlie's retired and his wife's ill) to get back a house that belongs to them but was stolen by a Mr. Potteresque banking entity they partly paid to have bailed out.

On the audacious meter, that ranks above Well Fargo's Cheronda Guyton using a foreclosed house for weekend parties.

Isn't this a wonderful country we live in?

1 Comments:

At February 13, 2010 at 7:13 PM, Blogger jo6pac said...

You're right and sad the bank walks from the mistake. Just more business as usual by Amerikas bankers.

 

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