Article Image
News Link • Housing

Man's home sold out from under him in foreclosure mistake

When Jason Grodensky bought his modest Fort Lauderdale home last December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage. Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender. "I feel like I'm hanging in the wind and I'm scared to death," said Grodensky. "How did some attorney put through a foreclosure illegally?" Bank of America has acknowledged the error and will correct it at its own expense, said spokeswoman Jumana Bauwens. Click to get the latest Business headlines sent to your phone Grodensky's story and other tales of foreclosure mistakes started popping up recently across South Florida. This week, GMAC Mortgage -- one of the nation's largest mortgage servicers and a major mortgage lender -- told real estate agents to stop evicting residents and suspend sales of properties that had been taken from homeowners in foreclosure. The company said it might have to "correct" some of its foreclosures, but was not halting those in process.

2 Comments in Response to

Comment by Ned The Head
Entered on:

"The company said it might have to "correct" some of its foreclosures, but was not halting those in process."

Translation: I'm sorry sir, I'm afraid you've already been scheduled for termination. You may proceed to Extraction Unit C and disrobe.

Comment by Powell Gammill
Entered on:

oooops!  Our bad.  Hope you didn't expect the courts to protect your property Rights, or even bother with notice?

Join us on our Social Networks:


Share this page with your friends on your favorite social network: