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filing a foreclosure on them. That’s right, with over 25 years of equity in their home, their greedy mortgage company couldn’t wait to foreclose on them and sell the property for top dollar. Bank of America tries to foreclose on a home paid for in cash, with NO mortgage on it: A local news agency in Florida reported on this
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Home Equity Theft Reporter: Wells Fargo Bank agreed to pay $42 million to settle a complaint that it failed to maintain foreclosed properties in minority neighborhoods, turning the vacant houses into dilapidated eyesores. The housing groups filed similar complaints against Bank of America and U.S. Bancorp, which are still pending.
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Charest previously referred questions on the case to the loan servicer for both mortgage-backed trusts, American Home Mortgage Servicing Inc. Philippa Brown, a spokeswoman for Coppell, Texas-based American Home Mortgage, didn’t have an immediate comment. The case is U.S. Bank v. Ibanez, 10694, Supreme Judicial Court of Massachusetts (Boston).
Home Equity Theft Reporter: The woman asked if she could get her items back from storage because they were supposed to be held for 30 days, but according to the police report she was told the items had been destroyed. On the door of the home Friday was a hand written note that reads "This is private property. No trespassing.