I have to admit – even I was surprised at this one. I’ve previously written about Bank of America’s handling (sometimes an interesting word choice) of short sales. I’ve written about how they have foreclosed on homes – by continuing with their foreclosure process even after the home was successfully sold to a new buyer who did not have a loan with them.
Now they have foreclosed on a home in Spring Hill, Florida that they NEVER had a loan on – they simply had the wrong address. Telling the company who handles Bank of America’s foreclosures (for $3,800 a house) that they had the wrong address changed nothing. They went right ahead and foreclosed anyway. Charlie and Maria Cordoso, the owners paid cash for the home and there was no lien with Bank of America. Read all about it at tampabay.com.
In closing – and I really mean this – BofA is actually getting better (much better – but there was nowhere to go but up) at processing short sales.