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To: pnh102

Show me an example of where the banks foreclosed on the wrong property?


14 posted on 10/05/2010 4:11:46 PM PDT by tobyhill
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To: tobyhill

I have actually seen this done, especially in rural areas with questionable addresses. A friend of mine had his home that he had paid reguarly on, never missed a payment, get foreclosed on because the SERVICER screwed up his payments. Couldn’t get the courts to stop the foreclosure.


15 posted on 10/05/2010 4:13:57 PM PDT by rstrahan
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To: tobyhill
Show me an example of where the banks foreclosed on the wrong property?

Google is our friend:

Here's a suit based on 3 mistaken foreclosures

18 posted on 10/05/2010 4:16:58 PM PDT by Pearls Before Swine
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To: tobyhill
Show me an example of where the banks foreclosed on the wrong property?

Google is our friend:

http://www.foreclosurelistings.com/content/foreclosures/couple-from-new-bedford-filed-a-lawsuit-wrong-foreclosure.htm

http://www.lasvegassun.com/news/2010/jan/02/they-forclosed-wrong-house/

http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632

http://www.thelaw.com/forums/showthread.php?t=44109

There are many more examples. These banks, and their employees, deserve to be criminally prosecuted for their actions. It was their stupidity in lending money to people who could not pay it back that in part led to this mess, and now the same sloppiness plagues the foreclosure process. If the banks suffer more missing payments from deadbeat borrowers who should be foreclosed on because the banks insisted on foreclosing on the wrong properties... then oh well, they should get the process done right first.

20 posted on 10/05/2010 4:20:31 PM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: tobyhill
Here you go tobyhill..many more available on request.

No Mortgage, Still Foreclosed? Bank of America Sued for Seizing Wrong Homes

40 posted on 10/05/2010 4:53:07 PM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: tobyhill
Show me an example of where the banks foreclosed on the wrong property?

Story right here on FR:

Bank Forecloses on Wrong House [BoA keeps being "Stuck on Stupid"]

52 posted on 10/05/2010 5:19:30 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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