Another BofA Blunder: Files Suit To Foreclose On Former REO Sold To Retired Ex-Cleveland Cop For Cash, Then Issues Apology For Foreclosure Fiasco

In Naples, Florida, the Naples Daily News reports:

• It was retirement incarnate. Then, the foreclosure lawsuit came. Warren Nyerges, 45, left his law enforcement career and moved to Golden Gate Estates late last year with his wife. He was spending his days preparing his backyard for grass, painting the interior of his home and joking about the snow he abandoned in Cleveland.

• “I’ve had nothing but a ball. To come down here, it’s a life dream,” Nyerges said. To top it all off, the couple’s single-story, 2,700-square-foot home was paid off. Nyerges said he even offered $5,000 more than Bank of America was asking, quickly sealing the deal with title insurance.

• But on Feb. 18, a man came to the couple’s home with a lawsuit. Bank of America had begun foreclosing on the property, and Nyerges’ dream was temporarily put on hold.

***

• In a statement, Bank of America said officials are still trying to determine what happened. "Bank of America sincerely apologizes to Mr. Nyerges for this inconvenience. We are currently researching the matter and are stopping the foreclosure,” the statement said. "We are still in the process of identifying the root cause that created this issue.”

For more, see Foreclosure lawsuit fiasco upends Estates man’s retirement.