Bank of America appears to foreclose on homes with the level of care of a random drive-by shooting. We previously followed the foreclosure of a series of wrong homes (here) while denying any liability for such errors. Now, we can add the names of Charlie and Maria Cardoso, a Massachusetts couple foreclosed despite the fact that even a Bank of America agent was telling the company that it had the wrong house in Spring Hill, Florida.
The couple paid for their retirement home in Spring Hill with cash in 2005. Charlie is an unemployed construction worker and his wife is disabled. Bank of America not only seized the house, removed their belongings, but changed the locks on the doors. I find it mystifying that banks are allowed such relatively unchecked authority.
It turns out that the actual house was across the street and ten houses down. What is particularly alarming is that a realtor with the company tried to stop the bank from making the mistake but to no avail. The couple is suing and it appears that this bank desperately needed to be sued as a corrective measure. They are alleging negligence, trespass, infliction of emotional distress among other claims.
For the full story, click here