Bank of America Forecloses on Home with No Mortgage

I think the family’s lawyer in this case has it right when he says that this can only be explained by “the arrogance of the bank.” View the source article for updates.

From Examiner.com:

Maria and Charlie Cardoso, who reside in Massachusetts, had been renting out the Spring Hill, Florida home they purchased in 2005 with cash. However, Bank of America, who had no connection to the property, took it anyway, ignoring complaints by the Cardoso’s that they had the wrong house.

The couple has filed a 1.5 million dollar lawsuit in Bristol County Massachusetts District Court, and is demanding a jury trail.

[Read more at Examiner.com]

6 Comments on "Bank of America Forecloses on Home with No Mortgage"

  1. Word Eater | Feb 18, 2010 at 12:17 pm |

    so even after their own realtors told them it was the wrong house, boa still went ahead and foreclosed?

  2. Business as usual from BofA. They must be to big to be wrong.

  3. I like how the camera focused on her unkempt nails.

  4. supersteve524 | Feb 20, 2010 at 8:31 pm |

    This is nothing short of Grand Theft of the First Degree (30 years and up to $10k) according to Florida Law, and I hope that whoever made this decision ends up spending a VERY long time in prison.

    Not to mention the $1.5 million civil case BoA has leveled at them

    sources: Florida state statutes 812.014, 775.082, 775.083

  5. ericwindow | Feb 20, 2010 at 10:02 pm |

    Only $1.5 million?, I would award them double that.

  6. How can the bank just take a house that they aren’t even affiliated with this story sucks bad for the home owners. They were smart enough not to take a mortgage and yet they still get there house taken away its stupid.

Comments are closed.