These are just the kind of stories that are making the Housing market an even BIgger MESS!

Via Southern Maryland Real Estate~ Jonathan Benya (Century 21 New Millennium):

House_sinking Nothing Surprises me when it comes to banks and their foreclosures anymore. “Wall Street has failed Main Street”, right? The latest news reports say banks are making record profits while the average American is Unemployed, Underemployed, Underpaid, and Under-Water on their mortgage. Unbelievable! This next story should come as no surprise then, as a New Jersey Woman named Nina Morra managed to get locked out of her home that had just been accepted into a new loan repayment program. The story goes something like this:

  • Homeowner has a stroke, goes delinquent on payments
  • Bank starts foreclosure filings against homeowner
  • Bank agrees to a modified repayment program (supposedly) saving the owner from foreclosure
  • Owner goes to visit family for Thanksgiving
  • Bank sends inspector out to change the locks on the house, despite modification
  • Owner comes home to find the no longer have access to their own house

After several days and frustrated calls, the bank acknowledges that they made an error, allowing owner to return to their own home The Lender? Bank of America. This is just another story from the Wall Street institutions that have brought us such great stories such as:

Bank turns Malibu Foreclosure in Party Pad

The Pushy Real Estate Agent

Any wonder why people hate banks these days?

Blog Post Links: Foreclosure Mistake

~Jonathan Benya- Realtor

Century 21 New Millennium

9405-A Chesapeake St La Plata, MD 20646

301-609-9000 - office

301-653-8116 - cell

Charles County Real Estate Blog

SOMD Home Search

Southern Maryland Custom Homes & Land

Century 21 New Millennium

Chris Hill  Chris.hill@c21nm.com

301-862-2169 (Work) 410-610-9032(Cell)  301-862-2179 (Fax)

 
Posted by Chris Hill on 01/01/2010 09:05 AM   Comments (3)  
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3 Comments on Bank Screws Up, Locks Owner Out of Home Anyways

JAN
01
2010
486,374 Points 3 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

It is sad that the left hand does not know what the right hand is doing.
9:09am • #1
515,000 Points Outside Blog Called Shot Master

This kind of response on the banks part is unforgivable.
9:39am • #2
254,487 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

If we all work together to help the home owner everyone will win.  Margaret C.
12:41pm • #3


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