Foreclosed Bank facts
While investigating facts about Foreclosed Bank Properties and Foreclosed Bank Owned Homes, I found out little known, but curios details like:
Bank of America tried foreclosing a couple’s home who paid for their home fully in cash. When the bank refused to respond to the couple’s dispute, they hired a lawyer and got the foreclosure dismissed. They then sought damages & when the bank didn't pay, the couple sued and foreclosed the bank
how long can a bank hold a foreclosed property?
In 2010 Bank of America wrongly tried to foreclose on a home. The couple took BOA to court and received a judgment of $2500 to cover legal fees. When BOA refused to pay, the couple showed up at the bank with movers and a court writ giving them permission to seize BOA's furniture and cash.
What do banks do with foreclosed homes?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering how to find out what bank owns a foreclosed home. Here are 13 of the best facts about Foreclosed Bank Properties Philippines and Foreclosed Bank Owned Properties For Sale I managed to collect.
what happens when a house is foreclosed by the bank?
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Bank of America mistakenly foreclosed a couple (Warren and Maureen Nyerges), who sued and won a judgment for $2500 in Legal expenses. While bank didn't pay the couple showed up at the bank with a moving company, a deputy, and a writ allowing them to start seizing furniture and cash.
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A man fought for nearly a decade to prevent the bank from foreclosing on his home, saying "I'll tear it down before I let you take it." When foreclosure proceedings began, he leveled the house with a bulldozer.
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A bank mistakenly foreclosed on a family's house. The family showed up at the bank office with a court order, two deputies, and a moving truck to seize the banks assets.
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A man's home was being foreclosed and the bank wouldn't let him sell it. He responded by spending 2 weeks tearing down the $350K home he built.
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In 2011, after their home was incorrectly foreclosed upon by Bank of America, a judge ordered the bank to pay the couple's legal fees. When it failed to pay, the couple successfully foreclosed upon the bank.
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Pia Farrenkopf died in 2009... But her body wasn't discovered until 2014, largely because she had auto-pay set up for her bills. Her mummified body was found in the garage of her newly foreclosed home only after her bank account finally ran dry.
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If your property is foreclosed in Spain, you will have to work for the bank to pay off your loan.
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After a bank tried to foreclose on a man who never took out a mortgage, the man sued, won, and foreclosed on the bank after not being paid
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Banks arbitrarily stop taking mortgage payments from homeowners so they can foreclose on their home.
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Bank Of America wrongfully foreclosed a couple, who sued and won $2500 for expenses. When BOA didn't pay, the couple showed up at the bank with a moving company, a deputy, and a writ allowing them to start seizing furniture and cash.
Why do banks buy back foreclosed homes?
You can easily fact check why are banks not selling foreclosed homes by examining the linked well-known sources.
A man showed up to a Bank of America office with two Sheriff deputies and a team of movers to repossess the banks furniture when they refused to pay a fee awarded to him for mistakenly foreclosing on his home.
