foreclosure

Bank of America foreclosing on home that no longer exists, no missed payments

November 3, 2011
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Bank of America wrongfully foreclosing

Bank of America is not new to wrongfully foreclosing on homes, but as seen in the video above, a Texas homeowner whose house was destroyed by Hurricane Ike in 2008 (yet continued to make his mortgage payments) recently discovered that Bank of America erroneously placed a homeowner’s policy on the non-existent property, mailed notices to his non-existent (read: destroyed by Ike) mailbox rather than the contact information he had provided them, and attempted to foreclose and auction the property.

“It wasn’t until about 20 calls that someone said, ‘We had a homeowner’s policy on your home that you reside in, and your monthly payments have gone up,'” he tells KPRC in Houston. “But they never notified me that my monthly payments had gone up.”

A Bank of America representative said, “There were a number of factors that contributed to the issues that resulted in the actions that we took on [this homeowner’s] mortgage and property. We continue to research the incidents. We have contacted [the homeowner] and we will work with him directly to address his concerns.”

The homeowner of the decimated home has a different take, “Bank of America is ruthless in their incompetency.”

Other BoA troubles

As mentioned previously, Bank of America is not new to controversy like this. There are hundreds of cases if paperwork errors that have led to homes being foreclosed upon, and the bank (like other major banks) is in hot water for these and other issues. Below is a list of more reading about Bank of America’s troubles:



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  1. BoA forecloses on the wrong address on Christmas Eve.
  2. BoA forecloses on an elderly woman for making her monthly payment two days early, refuses to halt foreclosure
  3. Realtor never misses a payment as he attempts to get a loan modification, BoA responds to his refusal to miss payments by foreclosing on him
  4. BoA refuses to cancel foreclosure process despite a short sale having closed escrow.
  5. BoA forecloses on wrong address after homeowners paid cash for their house
  6. BoA massively fumbles, wrongfully threatens foreclosure on a widow during husband’s wake, calls 47+ times per day, says that’s an acceptable practice
  7. BoA (and others) attempt to force homeowners to waive all rights in order to modify their loan. ALL rights.

Consumers aren’t just taking it lying down. BoA is under investigation by all 50 states’ Attorneys General, HUD and being sued from every direction for their role in the housing crash, most notably for hundreds more misdeeds like those above.

  1. BoA illegally forecloses on a couple who paid cash for their home, they foreclose on the local BoA branch and show up with cops and a moving truck.
  2. Homeowners peacefully protest by taking bags of garbage from an abandoned BoA property that was bringing down the neighborhood and they “deposited” the trash at the local BoA branch office.
  3. A class action lawsuit was filed against BoA for their abuses, citing 9 illegal RESPA violations in all.
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Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

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