Bored of Real Estate

At least it was a different house this time. However, they did take a parrot hostage and hold it in an remote/unspecified location over 3 hours away.

Like most of these events, Band of America trashed her house and didn’t want to make things right. However, in unprecedented irony for a shady bill collector, BofA asked the *victim* to stop calling them and told her that “they were tired of hearing from her.”

Bank of America Forecloses on Wrong House; Holds Parrot Hostage

Bank of America entered a Floridian couples house, changed the locks and took out a lot of their possessions. They also caused substantial damage to the property and significant monetary loss. To make matters worse, the owners had paid cash for the home. There wasn’t even a lien on it.

We’d like to be able to give you advice on how to avoid erroneous foreclosure, but we’re not sure even the savviest consumer can combat errors of this magnitude. We’ll only suggest that when you’re dealing with banks on major issues, be sure to get the name of everyone you talk to, keep notes and then follow up your complaints in writing to create a paper trail.

Bank of America Forecloses on Wrong House

Looks like some investors in New York are going to lose their housing project since they failed to make their $16M loan payment in January. The property was originally bought in 2006 for $5.4 billion … though now it’s worth a paltry $1.8 billion.

I guess that’s one of the benefits of using “other peoples money”.

http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_stuyvesant_town