I can not believe what is happening with banks today. I just read an article that I wanted to share with you. I hope it gives you some perspective.
In February the unthinkable happened to a couple hoping to retire in Spring Hill, Florida. They found out that Bank of America had foreclosed on their home, even though they had paid cash for their retirement home over 5 years ago. The bank removed all their belongings and changed the locks on the doors. All of this couples personal belongings are lost. The couple filed a lawsuit in federal court regarding the matter. The bank had an incorrect address on the foreclosure documents. The house they were suppose to foreclose on was 10 houses down the road. The owners of the home and even a Realtor hired by Bank of America tried to convince them it was the wrong house. They proceeded with the foreclosure anyway. It is absurd that they can get away with this kind of behavior. This has happened to several houses since this article. The moral of the story, monitor your home closely, as well as the banks. To read the full article, visit: http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632
