Foreclosures may not be the tsunami they once were during the height of the recession, however, our foreclosure counselors are seeing that there are still some disturbing practices that are pushing homeowners into foreclosure into cases where it’s not necessary.
Recent news coverage highlights some of these un-funny foreclosure tricks:
The bank recently foreclosed on a Florida property that doesn’t even have a mortgage, the Sun Sentinel of Fort Lauderdale reported. The foreclosure was started in 2008 by Countrywide, the notorious subprime mill the bank acquired in a fire sale that year. It continued with the proceedings even after the current owner, Jason Grodensky, paid cash for the house last December.