In yet another sign that banks are out of control, Bank of America is accused of foreclosing on a house whose owners had paid cash for it!
After getting threatening letters from the lender, an outraged Charlie and Maria Cardoso say they pleaded with the bank that it had the wrong house. But they couldn’t stop Bank of America from changing their locks, removing their belongings – and scaring a tenant into abandoning the property.
“It’s unbelievable,” says their attorney Joseph deMello.
“Here’s a hardworking couple who scrimped and scraped to save enough money to buy their retirement home in Florida outright with no loan – and then because of a bank blunder, they find their house has been padlocked and their possessions seized. It’s a nightmare.”
The bizarre story began last July when the Cardosos, who reside in New Bedford, Mass., got a panicked phone call from the tenant living in their home in Spring Hill, Fla.
Three men were there to clean out the place and change the locks, the tenant told them.
Charlie, a 53-year-old construction worker, says he talked to a real estate agent for Bank of America who said he would inform the company that it had the wrong house. Charlie and Maria thought that was the end of the problem. It was only beginning.
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