Another Case Of Mistaken Identity As Notice Of Foreclosure Sale Is Posted On Home With Fully Paid Off Mortgage

In Santa Cruz County, California, the Santa Cruz Sentinel reports:

• Bob Richter was puzzled when a man rushed up to his home in Santa Cruz Gardens one Saturday and posted a foreclosure notice offering him cash to turn in his house keys. The man took a photo of the posted notice, then left. Richter and his wife bought the house in 1977, and the mortgage is paid. It turned out the posting was in error.

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• In this case, the notice announced that a foreclosure sale had taken place, and that a request to begin eviction proceedings had been forwarded to attorneys. The occupant was directed to Coldwell Banker's Corporate REO Division. The notice came from Homecomings Financial, a division of GMAC.

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• "They shouldn't allow people to do that," said Richter, who worries that unsuspecting homeowners might be persuaded to turn over their house keys. "It made me wonder if there is something that we signed that opened the door for this," he added. "I haven't borrowed money in 15 years. The mailman came by and he was shocked."

For the story, see Oops! Foreclosure notice in error.