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Saturday, May 29, 2010

Bank of America tries to take away another house

Documents? Who cares about documents. Seize the house! 
Who cares that the problem has happened once, twice, thrice or more, before? 
Bank of America is above the law. They are the law.
Nancy Willmes paid cash for her Tuolumne home in 2001. So she was quite surprised when Bank of America send her a notice of default on the property in February.

"I honestly felt like Bank of America was trying to steal my property," Willmes said.

She contacted Bank of America to try to find out why the bank believed it could foreclose on property she had purchased outright.

Willmes has chain-of-ownership records, which show Bank of America had sold the property to Fannie Mae years earlier. Fannie Mae foreclosed on the previous owner, and Willmes purchased the property with cash from Fannie Mae.

But Willmes said Bank of America did not care about the documentation.
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