Possessions are lost, fences are destroyed, renters are chased off and the faceless bank says "We are working with to resolve this situation (sic)".
Me, personally, I wouldn't do business with a national bank unless I had a national business or needed a really big business credit line (ha)! I will take the home town Credit Union that I can talk to. Anyway, more great publicity for the former NCNB.
The situation echos somewhat of the Irish potato famine.
The courts have to be complicit - there is no way the bank could have proved ownership of their property. Either that or it is flat out “serving the warrant on the wrong address.” An enterprising states attorney just might be convinced to file criminal charges.
In cases like this I believe The Bank Personnel invloved,from the moment their Realtor told them there was a mistake, Belong in PRISON for the rest of their life.
A mistake would be the first time they came to the home and were told it’s paid for, then dropped the issue. This deserves severe punitive damages. People need to be arrested for trespass, damage to private property, grand theft (they effectively stole a house), and conspiracy to commit all of the above for the officers of the company.
I’m actually surprised the bank didn’t have the owner arrested for breaking into his own house.
Time for the home owners to contact their lawyer who handles the home closing. Dig out the deed and title insurance and sue the bank into the stone age.
things must be very different in Florida.
In Delaware we have (in each county) an elected Recorder of Deeds and and elected Sheriff.
For a bank to foreclose, they first go to the Recorder of Deeds and get proof of their authority to do so, then they go to the Sheriff who post’s the property and 60 days later auctions it off.
But most importantly! when strangers show up at your door and want to take all of your possesions, Call The Police and have them arrested. If a man knocks down your fence and starts cutting your grass... Call The Police and have him charged with tresspassing and vandalism. If you later end up in court, handing the judge a copy of the police report goes a long way to proving your version of what happened.
The banks are supposed to destroy as many houses as possible. The alternative is for them to dump houses on a saturated market. The government will find a way to use your tax money to reimburse them for their paper loss.
Ahem, “allegations?” As if there can be a question about the propriety of what happened?
I think it’s time for the bank to pay out the wazoo for this.
ML/NJ
That retirment home will prove to have been a very lucrative investment for the Cardoso’s.
i hope they take ‘em down but good.
They did not foreclose on the wrong house, they simply changed the locks on and took over the wrong house. The house they foreclosed on was down the street.