Paying "All-Cash" In A Recent Home Purchase Not Enough To Avoid BofA Foreclosure; Ft. Lauderdale Man Left "Hanging In The Wind ... Scared To Death!"

In Fort Lauderdale, Florida, the South Florida Sun Sentinel reports:

• When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.(1)

• Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender. "I feel like I'm hanging in the wind and I'm scared to death," said Grodensky. "How did some attorney put through a foreclosure illegally?"

• Bank of America has acknowledged the error and will correct it at its own expense, said [the presumably now-beleaguered] spokeswoman Jumana Bauwens. Grodensky's story and other tales of foreclosure mistakes started popping up recently across South Florida. [...] It wasn't until last week, when Grodensky brought his problem to the attention of the Sun Sentinel, that it began to be resolved.(2)(3)

For more, see Lauderdale man's home sold out from under him in foreclosure mistake.

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

(1) Reportedly, the foreclosure mill law firm Florida Default Law Group, currently the subject of a Florida Attorney general probe for alleged foreclosure sloppiness that might border on fraud, handled the foreclosure for Bank of America.

(2) For a recent similar incident in Arizona, see BofA Bagged Again On Wrongful Foreclosure Attempt; Says It's Sorry For Action Against Couple With Paid-Off Loan After Local Media Steps In (for a copy of the resulting federal lawsuit, see Newman v. Bank of America, N.A. and go here for the attached Exhibits).

(3) For earlier posts on a couple of high profile foreclosure screw-up cases involving other banks and resulting in significant sums in court-awarded financial damages, see:

• 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)),

• 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)).