A Northhampton, Massachusetts man recently averted disaster by paying his delinquent mortgage bill of zero dollars and zero cents[1]. That’s right: the guy didn’t owe his lender (Bank of America) a penny, but they hit his credit score and were ready to seize his home if he didn’t pay up! The notice, in fact, read that the homeowner owed “$0.00″ in back payments. As you may have suspected, the threatened seizure was the result of a mix-up in electronic filing, but the home was scheduled for foreclosure when the homeowner finally set things right with the lender. BofA righted the issue and also issued the homeowner $150 and a gift certificate for his trouble.
This is not the only bizarre foreclosure story that BofA has been involved with recently. In late May, the lender actually filed a foreclosure lawsuit against a building of which the main tenant is a BofA branch[2]. And a Florida couple recently sued BofA for foreclosing on a free-and-clear house and when the lender ignored the judicial decision, had the local branch of the bank padlocked by the sheriff until they were compensated for their legal fees[3].
Bank of America can’t seem to catch a break. Is this just a run of bad luck, or do you think “karma” is catching up to the beleaguered lender?
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Let us know how you feel about BofA in the space below. Will anyone stand up for them or have they burned all their bridges?
[1] http://www.huffingtonpost.com/2011/06/08/massachusetts-homeowner-receives-foreclosure_n_872518.html
[2] http://www.bizjournals.com/southflorida/news/2011/05/27/foreclosure-roundup.html
[3] http://www.digtriad.com/news/story.aspx?storyid=178031
Somebody need to shut their a** down it a da** shame on them they are nothing but crooks
I definitely think it’s Karma!
BofA is not the only one pulling these types of things!There is one lender that scams you from Day 1-PHH!Lies,tricks,and then they take your house back while pretending to be working to help you!And the poor average joe who might have had a loss of income can’t afford a lawyer to keep his house!There should be an uproar then see how fast things get changed!
As a Realtor never seen so dam much legalized criminal activity… Yep let the Karma begin and we will gladly start with B of A in the lead… No one should take a $150.00 gift certificate from these crooks, what the hay with that crap? (insult) push the issue go for the $$$$$$$$$$$$ after all they have thrown millions of familys on the street not even being the rightful holder in due course, whats wrong with these people accepting a gift card?
What’s wrong with the Feds???? Why are they not pursuing criminal action against B of A and ALL the other crooks who have blatantly screwed the american public right out their american dream.
Instead they give them bail out money!!
In a previous post right here on REI the banks and-trust me, very soon the gov-are now accusing investors of ripping them off by buying short sale and foreclosure property too far under value-bacause they cannot properly do their own due diligence. Boo Hoo.
When are we going to get a grip and close these SOB’s down and let the American entreprenurial spirit start new banks with CEO’s who have a conscience.