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Saturday, February 13, 2010

Bank of America seizes wrong house, again

Having this happen once is bad enough.
Twice and it starts to look like a trend.
How many other times has this happened?
The full details of the bank seizure are horrifying.
When you read the story it shows how much authority the banks have in these situations. Shouldn't the burden of proof be on them before they damage property and lose personal belongings?
Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure.

Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.

Early last month, Charlie Cardoso had to drive to Florida to get his home back, the complaint filed in Massachusetts on Jan. 20 states.

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