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Real Estate & Property Law

: The Home Equity Theft Reporter

Delinquent Homeowner's Bank Account Wiped Out By Mortgage Lender Before Foreclosure; No Court Judgment Needed, Says Bank

By r morris

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In Phoenix, Arizona, KTVK-TV Channel 3 reports:[U]nable to keep up with his mortgage payments, [Joel] Contreras is giving his condo back to the bank. He says that's depressing enough, but he certainly wasn't prepared for what happened next. "When I looked at my bank account and saw that it was all wiped out, it took me a good day to rebound from that," he said. "I was panicking. I was freaking

Full post as published by The Home Equity Theft Reporter on April 25, 2009 (boomark / email).

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