Thursday, March 27, 2014

Two Cent Foreclosure

From:  7News - WSVN

It's no secret that there have been a lot of abuses in the huge number of foreclosures filed in recent years, but can you imagine a foreclosure over two cents? Hard to believe, but Carmel Cafiero is on just such a case.
WSVN -- This Lighthouse Point condo has been home to Gloria Jacques for eight years, but for the last two of those years, the 80-year-old has been in fear of losing her home to foreclosure despite never having missed a mortgage payment.
Her attorney says Bank of America filed for foreclosure over two payments that were each one penny short, payments that the bank deducted from her account.
Tom Murphy: "Well, Bank of America shortchanged the payment that they were making to themselves for her mortgage."
Carmel Cafiero: "So it was a bill pay type thing?"

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