BofA Bagged Again On Wrongful Foreclosure Attempt; Says It's Sorry For Action Against Couple With Paid-Off Loan After Local Media Steps In

In Willcox, Arizona, KVOA-TV Channel 4 reports:

• A southern Arizona family is in fear of losing their house to what they call an unjust foreclosure, and they're now fighting back against one of the biggest banks in the country. The Willcox-area family says that house was paid for more than a year ago. The loan company went under, and Bank of America stepped in and said it wasn't paid.

***

• So the Newman's hired an attorney that has dealt with this kind of thing before, and then they contacted News 4. After working with the Newman's for two days, reporter Greg Dingrando got through to Bank of America who agreed to talk to them. A few hours later, they received the following statement:
  
  We sincerely apologize to the Newman's for this mistake. We have cancelled the foreclosure sale and hope to resolve this with the Newman's. Due to the pending litigation, we cannot comment further on this case.

• This came as a huge relief to the Newman's, but their attorney says it's not over. "You can't just walk away and let these large big box banks get away with that," said Carlin Phillips, the Newman's attorney. "We want to bring them to task before a jury in Arizona, and see what they have to say about this kind of conduct." The Newman's attorney says this type of thing happens all too often, and it's not just Bank of America. He says it happens everywhere.(1)

For the story, see Bank admits mistake on Willcox home foreclosure.

For the lawsuit, see Newman v. Bank of America, N.A. (go here for the attached Exhibits).

See also, Arizona Couple Sues Bank of America Alleging Unlawful Foreclosure.

Go here for links to other reported Bank of America foreclosure screw-ups.

(1) For earlier posts on a couple of high profile bank foreclosure screw-up cases, see

• Countrywide Financial: Nevada High Court OKs $1M+ Damage Award To Homeowner Due To Mortgage Company Misidentification Of Home In Foreclosure (for the court ruling, see Countrywide Home Loans v. Thitchener, 192 P.3d 243; 2008 Nev. LEXIS 79; 124 Nev. Adv. Rep. 64 (September 11, 2008).),

• Wells Fargo: Long Island Judge Hammers Wells w/ $155K Tab For Oppressive, Heavy Handed, Egregious Conduct For Pre-Sale Lockout Of Homeowner In Foreclosure (for the court ruling, see Wells Fargo v. Tyson, 2010 NY Slip Op 20079 (Sup. Ct., Suffolk County, March 5, 2010)).