Banks are foreclosing on people who have no loan < WretchedRabbit > 10/24 09:56:06
, payments are current, or homes not owned by bank.
Banks are foreclosing on properties all across the country at a record rate. The foreclosure practices of many banks, like Bank of America, have been extremely sloppy. Banks are foreclosing, seizing homes and trashing-out homeowners' personal possessions in the following cirumstances:
The Homeowner Has No Loan with the Bank
The Borrower Is Up-to-Date on All Mortgage Payments
The Borrower Is Up to Date on Payments Under a Valid Loan Modification Agreement
The Bank Sells the House in a Short Sale But Still Forecloses on the House it Just Sold
Homeowners feel violated and abused by these banks who often fail to even apologize or pay them for the home invasion and the damage and destruction to the homeowners' property and personal possessions. We know of cases from Michigan to Massachusetts to Florida and there seems to be no limit to what steps a bank will take to seize a home or property once the foreclosure train starts down the track.