Foreclosure Horror Stories: 4 Bizarre Foreclosure Stories That You Have To Read To Believe. Yes, They Could Happen To You!

MFI-Miami has heard and dealt with some of the craziest foreclosure horror stories. Foreclosures are typically the result of homeowners unable to pay their mortgages. But, in these four cases, homeowners are faced with foreclosure for bizarre and crazy reasons. These four cases are just a handful of stories that we have heard in 12 years in business.

HOA Foreclosure Horror Story: 

Joe DiVerde owned a home in Wesley Chapel, Florida. He soon learned to own a home was more of a hassle than it was worth thanks to his HOA. Anyone living in a condo or home with an HOA in Florida knows the horror stories. Most HOAs are controlled by snowbirds from Long Island with nothing better to do than to stick their nose into your business and gossip. They also like to bitch and throw their weight around. It’s like a geriatric version of the movie, Heathers or Mean Girls.

Joe DiVerde learned this the hard way when he faced an unexpected ultimatum from HOA. They demanded he either paint your mailbox, pay a $1,000 fine, or face foreclosure. Because of an address mix-up, DiVerde never received prior concern over his mailbox. When he received notice, it was too late. The HOA began foreclosure proceedings. DiVerde found out when the process server came knocking on his door. This story belongs on this list of homeowner association horror stories.

Wells Fargo Cleans Out The The Wrong House:

Alvin and Pat Tjosaas came home to their Twentynine Palms, California home in 2012 to find their house emptied out. It turned out, that while they were away, Wells Fargo had foreclosed on it. The only problem was that the Tjosaases didn’t have a mortgage on the house.

The Tjosaases naturally called the police. After an investigation, the deputy sheriff said, “Good news, we know who took your possessions…Wells Fargo. Bad news, your stuff is all gone.”

Alvin had built the home with his father when he was a teenager. Despite the bank having ransacked the wrong home, Wells Fargo was unable to give back any of the possessions because they were disposed of so quickly.

Bank of America Foreclosure Horror Stories:

Bank of America Threatens Foreclosure Over Zero-Dollars Due

In 2011, a man named Mark living in Northampton, Massachusetts, received a notice from Bank of America demanding he pay $0.00 or his home would be seized. Mark had consistently made his mortgage payments on time. This odd news baffled him. Mark also found his credit score had been downgraded. He had struggled to get in contact with Bank of America with no luck. He contacted a local news station reached out on his behalf. The result of the mix-up was an electronic filing error. Bank of America ultimately fixed the error out of embarrassment. Then ended up giving Mark $150 and a gift certificate to compensate him for the inconvenience.

Couple Foreclosures On Bank of America

Bank of America foreclosing on a house is normal. But in an odd turn of events, Two homeowners in Naples, Florida foreclosed on a Bank of America branch. MFI-Miami has done this with several of our clients facing foreclosure from Wells Fargo and Bank of America.

The story began back in 2009 when retired police officer Warren Nyerges and his wife, Maureen Collier, paid $165,000 cash for their 2,700-square-foot home.

They paid cash for the house and never took out a mortgage on the property.

In February of 2010, Bank of America initiated foreclosure proceedings against them. The homeowners hired an attorney, and Bank of America eventually abandoned the foreclosure. The Nyerges now faced a legal in the amount of $2,534. They demanded Bank of America pay their attorney and all legal costs. Bank of America refused to pay their legal fees.

A court ultimately ordered the bank to repay the couple. However, Bank of America still refused.  The couple’s attorney obtained an order for foreclosure against the bank. The attorney showed ups with Sheriff’s Deputies in tow and a U-Haul. The court order allowed the couple’s lawyer to remove cash from the tellers’ drawers, take furniture, computers and anything of value. The Bank of America branch manager escorted customers and employees out of the branch. The shell shocked branch manager called BofA corporate in Charlotte. They ordered him to write a check for $5,772.88 to settle the matter once and for all.

Read more about how MFI-Miami beats the bank at their own game here.