If you’ve ever bought a house, you know just what a frightening mess of paperwork it is. Even when it’s over, the bank still owns “your” house until you pay off the mortgage. If you’re fortunate (and wealthy) enough, however, you can purchase it outright. That should get you set.
Unless, of course, it doesn’t. Jason Grodensky paid in full for his house, but seven months later, Bank of America foreclosed on the house despite the fact that he didn’t even have a mortgage.
“It looks like it was a mistake in communication between us and the attorneys handling the foreclosure,” said Bauwens.
That is one hell of a “mistake”.
