82 Year Old Floridian Man Returns Home To Find Foreclosure....Guess What Bank

**NikoSan999** · 06-28-2011, 07:28 AM

Retired Floridian Returns Home To Find His Home Foreclosed Upon, By Mistake

Not the whole article...it's worth reading if you have the time...the update is he still has never had his possessions returned. Antiques upon antiques.

It seems that Bank Of America, an institution known for the mass-manufacture of foreclosure errors that also occasionally dabbles in a little personal banking, sent a foreclosure "clean-out crew" out to a condominium at 4255 W. Humphrey St. in Hillsborough County, Florida. They ended up cleaning out Santiago's home by mistake. Apparently, something about Santiago's mailbox royally confused them

Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court

That's from a February 12, 2010 piece, also in the St. Petersburg Times. Bank Of America was actually tipped off to their mistake before the property was seized, but the eviction proceeded anyway.

As with this most recent story, the Cardoso's possessions were removed. So, you might be wondering: what's the outlook on whether Santiago will get his wrongly seized possessions returned to him? A foreclosure lawyer gives the Times the bottom line: "We have never gotten one piece of property back." (Santiago's possessions are, after all, probably worth much more than many of the toxic assets the Bank is currently holding on its balance sheet, after all. The "antique wagon wheel" he once owned is probably triple-A rated and underpinning a credit derivative even as we speak.)

At any rate, it's wonderful to hear about the great care that major banks are taking with the lives of the people who saved them from extinction, with their bailout money.

**nuisance26** · 06-28-2011, 08:48 AM

~That is so wrong!~

**Nishu** · 06-28-2011, 09:14 AM

How do these people sleep at night?

**Josephhgoins** · 06-28-2011, 10:39 AM

You know, I think after a couple of the BOA Employees actually have to go to jail AND BOA has to pay a large law suit out they may change their ways.

Niko thank you so much for this. I plan on buying a home in the next year and I know that no matter what I will not do business with BOA.

**mommy2krj** · 06-28-2011, 10:52 AM

Originally Posted by Josephhgoins

You know, I think after a couple of the BOA Employees actually have to go to jail AND BOA has to pay a large law suit out they may change their ways.

Niko thank you so much for this. I plan on buying a home in the next year and I know that no matter what I will not do business with BOA.

Sometimes though, you have no say in the matter. Our mortgage wasn't originally through BOA. It's been sold several times and BOA is just the current holder. It's tiring. I personally am sick of dealing with them as well. No one ever knows anything about anything and I feel bad for the plain old regular customer service people that have to deal with angry people all the time. I wonder what their turnover rate is.

But that is a horrible thing to happen to those people. I'm not huge on suing people....but I think it's crap that he hasn't gotten any of his stuff back!!! That sounds like a huge lawsuit that he should easily win!