Wednesday, September 22, 2010

Oops! No mortgage and still foreclosed on

by Bill McBride on 9/22/2010 10:42:00 PM

From Harriet Johnson Brackey at the Sun Sentinel: Man's home sold out from under him in foreclosure mistake (ht Clint)

When Jason Grodensky bought his modest Fort Lauderdale home last December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.

Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a [Fannie Mae]. ... Bank of America has acknowledged the error and will correct it at its own expense, said spokeswoman Jumana Bauwens.
Talk about a foreclosure error. I'm surprised a notice wasn't posted on the front door. At least the property wasn't sold to another party on the court house steps - imagine if that 3rd party had shown up with an eviction notice.

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