If you haven't heard this story yet, you've got to watch below. It's crazy. And it's gutsy. This family gave the bank a taste of it's own medicine--so to speak.
It's also a classic example of why there is a moratorium on foreclosures with some banks. You know-- robosigning. The last thing banks want to add to their expense sheet is another lawyer. There will be lawsuits galore. I think we may see something very new-- foreclosure reversals. Not many, but there will be some worth telling about.
Keep in mind these kinds of stories may make banks or lenders more inclined to sell properties before foreclosure through a short sale process.
Sooooo, if you know someone in the Henry County area facing foreclosure, let me know. I'll try to help. Short sale may be the best way to avoid these kinds of nightmares.
Watch below. It is very interesting. They've already coined a new word--fraudclosure.