posted on Oct, 25 2011 @ 10:44 AM
This may explain why B of A does not want to take our house they supposedly foreclosed on.
We tried to sell the property at a bargain-basement price for almost a year. It was a beautiful home with many upgrades and a very nice pool in the
back, in a good neighborhood (DFW area). Nobody wanted to pay the price because other homes that were foreclosed on previously sold at 1/3 the price
we had ours at.
So we left the area a year ago, stopped making payments, and told the bank to take the house. They called and pestered for months, and each time we
told them, go ahead and take the house. Take my house, PLEASE! They tried all kinds of tricks to get us to sign new documents (short sale, deed in
lieu, etc). They demanded new proof of income and our tax returns. We refused to sign anything new and told them they had all the paperwork
necessary to take the property as it states in the original documents signed with Countrywide, and they had no right to any new information from
We got a foreclosure notice saying they would foreclose in April. Great, we said, take it. They still haven't taken it, it still remains empty per
the neighbors, and we're still getting payment notices from B of A as if nothing were wrong. We finally got them to stop calling by stating that we
were recording their calls, to which they replied that we weren't "allowed" to record them, only they could record us. Whatever!
We suspect that they don't have the paperwork to properly foreclose. My husband has even called the city and told them to put a lien on it because
they're stuck cutting the lawn, and then the city take it. Nobody wants it, which makes me sad because it is a gorgeous house. Oh well. As my
husband told the bank, they set up the housing bubble, and when it crashed, nobody could buy it even if they wanted to because the banks weren't
lending and the property values were in the toilet. They set up the system, and our abandoning the house because we had to leave the area was the
result. Half the homes in this lovely neighborhood are empty. Oh what a tangled web we weave, when first we practice to bifurcate and invalidate the
chain of title!