Disabled Man Buys House With Cash, Bank of America Almost Forecloses

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Disabled Man Buys House With Cash, Bank of America Almost Forecloses

Disabled Man Buys House With Cash, Bank of America Almost Forecloses

Here we go…again


Sacramento Bee

Kamal Sharma almost lost his house in a foreclosure auction the other day. The funny thing is: He doesn’t even owe any money on it.

Sharma’s story – an extreme case even in Sacramento’s chaotic real estate market – shows that lenders continue to make foreclosure mistakes despite extensive publicity and promises to fix problems, which include sloppy paperwork and communication breakdowns.

“There are a lot of people that have been wrongly foreclosed upon,” said Kevin Stein, associate director of the San Francisco-based California Reinvestment Coalition.

Continue reading [SACRAMENTO BEE]

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