Bank Screws Up, Locks Owner Out of Home Anyways

Nothing Surprises me when it comes to banks and their foreclosures anymore.  “Wall Street has failed Main Street”, right?  The latest news reports say banks are making record profits while the average American is Unemployed, Underemployed, Underpaid, and Under-Water on their mortgage. Unbelievable!

This next story should come as no surprise then, as a New Jersey Woman named Nina Morra managed to get locked out of her home that had just been accepted into a new loan repayment program.  The story goes something like this:

• Homeowner has a stroke, goes delinquent on payments
• Bank starts foreclosure filings against homeowner
• Bank agrees to a modified repayment program (supposedly) saving the owner from foreclosure
• Owner goes to visit family for Thanksgiving
• Bank sends inspector out to change the locks on the house, despite modification
• Owner comes home to find the no longer have access to their own house

After several days and frustrated calls, the bank acknowledges that they made an error, allowing owner to return to their own home

The Lender?  Bank of America.  This is just another story from the Wall Street institutions that have brought us such great stories such as:

Bank turns Malibu Foreclosure in Party Pad

The Pushy Real Estate Agent

Any wonder why people hate banks these days?

Blog Post Links:

Foreclosure Mistake

~Jonathan Benya- Realtor
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000 – office
301-653-8116 – cell

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