Wednesday, August 18, 2010

BofA Begins F'closure On House Homeowner No Longer Owns; Property Sold In Bank-Approved Short Sale Months Earlier; Apology Given When Media Intervenes

In Lee County, Florida, WINK News reports:
  • [C]ape Coral homeowners spent a year trying to avoid a foreclosure. [...] Finally, after three short sale offers fell through, Bank of America approved an offer for $128,000 in cash. They closed on the sale in February.

  • The Schunemann's nightmare was over; or so they thought. "My husband said to me, a few weeks ago, opening the mail, 'you are not going to be happy about this,' and I took a look at it and I cannot believe that we are being sued by Countrywide," she recalls. That's right. Countrywide, now Bank of America, was taking the Schunemanns to court to foreclose on a property no longer in their possession.

***

  • After contacting the law firm that filed the foreclosure lawsuit, the Schunemanns say they haven't heard one word, back. They aren't sure what will happen on their court date. "There's nothing more they can take. There's nothing more. They can't take-- they took the house, they can't take anymore. There's nothing," she says.

  • We talked to Bank of America, trying to get some answers for the Schunemanns. While the law firm never called us back, we did get a response from the bank. In an email BOA told us, "We apologize to the Schunemanns, for this was a mistake and we are correcting the records to stop the court actions."

For the story, see WINK gets results after case of bad bank communication.