We 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 Foreclosure
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