Friday, February 12, 2010

wonder if they've seen Brazil

Haste makes waste, or at least for sloppiness. From Tampa Bay comes the story of a foreclosure gone awry:

Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure.

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.

The bank had an incorrect address on foreclosure documents — the house it meant to seize is across the street and about 10 doors down.


Look for stories like this to become increasingly common as banks try to clear the incredible backlog of foreclosures.

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