Inquiring minds are once again looking at Big Banks looting and stealing homes from innocent, law-abiding citizens:
When Mimi Ash arrived at her mountain chalet here for a weekend ski trip, she discovered that someone had broken into the home and changed the locks.
When she finally got into the house, it was empty. All of her possessions were gone: furniture, her son’s ski medals, winter clothes and family photos.
Also missing was a wooden box, its top inscribed with the words “Together Forever,” that contained the ashes of her late husband, Robert.
The culprit, Ms. Ash soon learned, was not a burglar but her bank. According to a federal lawsuit filed in October by Ms. Ash, Bank of America had wrongfully foreclosed on her house and thrown out her belongings, without alerting Ms. Ash beforehand.
Bank of America seems to be a renegade outfit that needs to be shut down. If it were a university’s football team, the regulators would have enacted the death penalty by now.
These stories seem to be from a foreign land. When did ‘due process’ become extinct?
Many of the incidents that have become public appear to have been caused by confusion over whether a house is abandoned, in which case a bank may have the right to break in and make sure the property is secure.
Some of the cases appear to be mistakes involving homeowners who were up to date on their mortgage — or had paid off their home — but who still became targets of a bank.
WHAT!?!?!?!? How can this still be happening? How can Bank of America still be making this mistake?
But it was important to save this bank because…kaos would have reigned.
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