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Posted

This guy got foreclosed on, happens to many people. However, this one has a twist... Foreclosure mistakes: Fort Lauderdale man's home sold in foreclosure mistake - South Florida Sun-Sentinel.com

When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.

Imagine if he did have a mortgage that was up-to-date, how long that would take to fix, if ever :(

  • 3 weeks later...
Posted

I just read an article that explains how this guy found himself in this situation :P

Robo-signers: Mortgage experience not necessary - Yahoo! News

Until now, only a handful of depositions from robo-signers have come to light. But the sheer volume of the new depositions will make it more difficult for financial institutions to argue that robo-signing was an aberrant practice in a handful of rogue back offices.

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