Home Foreclosure Nightmare: Couple with No Mortgage “Foreclosed On” by Bank of America

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Can you imagine getting a foreclosure notice in the mail for a home that you paid cash for? It happened to one Florida couple. And they sued Bank of America (the foreclosing lender) – and won attorney’s fees that they incurred defending themselves against this unfounded suit.

Couple Repossesses Bank’s Furniture to Force Them to Pay for Trying to Illegally Foreclose On Them

But get this, Bank of America refused to pay. It wasn’t until the couple got an order to repossess the bank’s furniture that they finally paid up.

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Can you believe it? Read the details in the MSN.com real estate story, Couple gets bank to pay up by threatening to foreclose.

Home Foreclosure Crisis Made Worse by Lender Ineptness

This story highlights the utter ineptness of some banks when it comes to the foreclosure crisis, ie, foreclosing on homeowners who don’t even have a mortgage, illegally foreclosing on military homeowners, losing paperwork of those who’ve applied for home loan modifications – and the list goes on and on.

When will the madness end?

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.