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How does one get foreclosed on while keeping their mortgage, insurance, and taxes current?

by deelowe 14y ago

anonymoushn 14y ago
It is easier than you think. Sometimes you don't even need to have a mortgage. http://www.bloomberg.com/news/2010-10-08/man-who-had-no-mortgage-faced-foreclosure-anyway-ann-woolner.html http://www.bloomberg.com/news/2010-10-08/man-who-had-no-mort... http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632 http://www.tampabay.com/news/business/realestate/bank-of-ame...
dredmorbius 14y ago
In some cases, the bank simply refuses to accept payment, forces the process, and fails to respond in any way to the mortgageholder: http://www.huffingtonpost.com/2012/05/17/norman-rousseau-foreclosure-victim-suicide-wells-fargo_n_1521743.html http://www.huffingtonpost.com/2012/05/17/norman-rousseau-for...
SwellJoe 14y ago
Mistakes, fraud, malice, incompetence, etc. http://articles.sun-sentinel.com/2010-09-23/business/fl-wrongful-foreclosure-0922-20100921_1_foreclosure-defense-attorney-foreclosure-case-jumana-bauwens http://articles.sun-sentinel.com/2010-09-23/business/fl-wron... http://online.wsj.com/article/SB10001424052970203791904576609310331811594.html http://online.wsj.com/article/SB1000142405297020379190457660... http://www.huffingtonpost.com/2012/02/16/illegal-foreclosures_n_1283467.html http://www.huffingtonpost.com/2012/02/16/illegal-foreclosure... http://www.huffingtonpost.com/2010/12/08/foreclosure-mistakes-_n_794080.html http://www.huffingtonpost.com/2010/12/08/foreclosure-mistake... http://abcnews.go.com/WN/robo-signers-blamed-foreclosure-mistakes/story?id=11798650 http://abcnews.go.com/WN/robo-signers-blamed-foreclosure-mis... http://seattletimes.nwsource.com/html/realestate/2015541624_realforeclose10.html http://seattletimes.nwsource.com/html/realestate/2015541624_... This isn't isolated, it is a systemic problem in the banking industry right now, created by reckless (and illegal) business practices on the part of the major banks and mortgage companies.

How does one get foreclosed on while keeping their mortgage, insurance, and taxes current?

by deelowe 14y ago

How does one get foreclosed on while keeping their mortgage, insurance, and taxes current?

It is easier than you think. Sometimes you don't even need to have a mortgage. http://www.bloomberg.com/news/2010-10-08/man-who-had-no-mortgage-faced-foreclosure-anyway-ann-woolner.html http://www.bloomberg.com/news/2010-10-08/man-who-had-no-mort... http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632 http://www.tampabay.com/news/business/realestate/bank-of-ame...

dredmorbius 14y ago

In some cases, the bank simply refuses to accept payment, forces the process, and fails to respond in any way to the mortgageholder: http://www.huffingtonpost.com/2012/05/17/norman-rousseau-foreclosure-victim-suicide-wells-fargo_n_1521743.html http://www.huffingtonpost.com/2012/05/17/norman-rousseau-for...

SwellJoe 14y ago

Mistakes, fraud, malice, incompetence, etc. http://articles.sun-sentinel.com/2010-09-23/business/fl-wrongful-foreclosure-0922-20100921_1_foreclosure-defense-attorney-foreclosure-case-jumana-bauwens http://articles.sun-sentinel.com/2010-09-23/business/fl-wron... http://online.wsj.com/article/SB10001424052970203791904576609310331811594.html http://online.wsj.com/article/SB1000142405297020379190457660... http://www.huffingtonpost.com/2012/02/16/illegal-foreclosures_n_1283467.html http://www.huffingtonpost.com/2012/02/16/illegal-foreclosure... http://www.huffingtonpost.com/2010/12/08/foreclosure-mistakes-_n_794080.html http://www.huffingtonpost.com/2010/12/08/foreclosure-mistake... http://abcnews.go.com/WN/robo-signers-blamed-foreclosure-mistakes/story?id=11798650 http://abcnews.go.com/WN/robo-signers-blamed-foreclosure-mis... http://seattletimes.nwsource.com/html/realestate/2015541624_realforeclose10.html http://seattletimes.nwsource.com/html/realestate/2015541624_... This isn't isolated, it is a systemic problem in the banking industry right now, created by reckless (and illegal) business practices on the part of the major banks and mortgage companies.