Jason Grodensky, a Fort Lauderdale man who bought his house with cash last December was surprised to discover that Bank of America had foreclosed on him, though he has no mortgage. Florida's foreclosure mills being what they are, the checks and balances against erroneous foreclosure have eroded to the point where banks can seize and sell homes they have no interest in.
Grodensky's story and other tales of foreclosure mistakes started popping up recently across South Florida. This week, GMAC Mortgage -- one of the nation's largest mortgage servicers and a major mortgage lender -- told real estate agents to stop evicting residents and suspend sales of properties that had been taken from homeowners in foreclosure. The company said it might have to "correct" some of its foreclosures, but was not halting those in process.
In Florida courts, which have been swamped with foreclosure cases for several years, mistakes "happen all the time," said foreclosure defense attorney Matt Weidner in St. Petersburg. "It's just not getting reported."
And the legal efforts required to resolve a foreclosure mistake are complicated. "Unwrapping it is like unwrapping Fort Knox," said Carol Asbury, a Fort Lauderdale foreclosure attorney. "It's very difficult."
Man's home sold out from under him in foreclosure mistake
(Thanks, Barry, via Submitterator
(Image: Thumbnail from larger photo by Robert Duyos, Sun Sentinel)
Mark Zuckerberg says it doesn't matter how creepy and terrible his company is, because you agreed to let him comprehensively fuck you over from asshole to appetite by clicking "I agree" to a tens of thousands of words' worth of "agreements" spread out across multiple webpages; when questioned about this in Congress, Zuck grudgingly admitted […]
Flickr exists, in part, because I needed a photo-sharing tool to help me woo my long-distance girlfriend, who later became my wife, and whom I've been with now for 15 years -- so I have watched the service's long decline and neglect at the hands of Yahoo, and then its sale to the loathsome telco […]
Wells Fargo defrauded 800,000 car loan borrowers, forcing 274,000 of them into bankruptcy and stealing ("wrongfully repossessing") 25,000 cars; they also ripped off mortgage borrowers by failing to send them their paperwork until after the deadline for filing it and then fining them for not filing it on time.
Most of us understand that when we visit a website, we’re subjecting ourselves to surveillance by trackers. And, while these tools are usually used for innocuous purposes, like determining which ads to show you, they can be leveraged for much more nefarious goals, and they have the potential to tank your browsing speed as well as […]
Learning how to code is a great way to improve your hiring potential and open the door to more lucrative careers, but getting the ball rolling can be a bit daunting considering the number of languages out there and steep price associated with training. However, the Pay What You Want: Learn to Code 2018 Bundle is […]
Our world is a colorful one, and when it comes time to repaint the house or create a new design, many of us look to our surroundings for inspiration. However, matching colors from the outside world to our canvas isn’t the most precise process when we’re just eyeballing it. The Nix Pro Color Sensor removes the […]