3/9/2010We have been making an effort to keep American citizens aware of the rash of wrongful foreclosures occuring throughout the country. Wrongful foreclosures involve a bank trespassing and entering a home when it has no legal right to do so. We are now representing a homeowner in Michigan in a situation where the bank foreclosed on a house it sold in a short sale.
We reported a similar case in Massachusetts just a few weeks ago. In the Massachusetts case, we represent a homeowner who bought a house from Bank of America in a short sale. About two weeks after the short sale, BOA's foreclosure contractors entered the home, changed the locks and stole some of the homeowner's tools.
The Michigan case also involves a short sale. The property, which is approximately 20 miles outside of Grand Rapids, was owned by a Deutshe Bank trust as part of a pool of securitized loans. After our clients bought the house in a short sale from the bank, the bank came back and foreclosed on the property, breaking in and changing the locks.
It looks like homeowners who buy property at a short sale aren't even safe. Apparently buying the property at a short sale and holding a deed to the property with no mortgage with the bank does not matter. It is just a matter of time before one of these wrongful foreclosures ends up in tragedy as the bank's contractors break into an occupied home.
Category: Wrongful Bank Seizure
1 Comments to "Michigan Wrongful Foreclosure Case Added to the National List"
I purchased a house in Michigan by way of Land Contract in 2006. I quit claimed my son onto the house as a joint tenant with full rights of survivorship shortly after I purchased it. The owner had a home equity line of credit on the house which he was using and owed more than I did. It went into a Juducial Foreclosure in 2010 and during my six statutory right of redemption, he took me to the District Court and I was evicted. Now, he never named my son as an interested party, nor the bank who he had the home equity loan with. So basically, my son still has equity in the home, we were illegally evicted, etc. It doesn't stop there, theres more to it, but can only write so much.
Posted by virginia on June 16, 2011 at 01:21 PM
Post a comment
Post a Comment to "Michigan Wrongful Foreclosure Case Added to the National List"To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."