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Old 12-09-2010, 01:58 PM
 
Location: Northeast
1,377 posts, read 1,055,002 times
Reputation: 407

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Problems like the one below could become the norm in the future. Who's to say after paying off a 30 mortgage you may not even own your home. What seems to count is what the banks say...

Quote:
Warren Nyerges opened his front door in Naples, Fla., to find a scraggly-haired summons server standing on his stoop. He plopped a foreclosure notice from Bank of America in Nyerges' hands. But Nyerges had paid for his house in cash. And he'd never had a checking account, much less a mortgage, with Bank of America
.

AP IMPACT: Caught by Mistake in Foreclosure Web - ABC News
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