Saturday, August 27, 2011

Faced with foreclosure – for paying her mortgage early

Can the nation's big banks get any more incompetent in how they handle individual foreclosures?

A popular mistake seems to be foreclosing on the wrong home and then only offering a grudging apology later - of course not until after having thrown some innocent homeowner's possessions onto the sidewalk and locking everything up tighter than Fort Knox.

It's a hard act to top, but Bank of America appears to have succeeded in the case of a 70-year-old woman in Florida.

Underwater on her $133,000 New Port Richey home and nursing a bedridden husband, Sharon Bullington found herself in a financial jam as medical bills began to pile up.

Read the rest of the article from the Boston Globe

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