Arizona homeowner: ‘Bank stole my house’ - FORECLOSURE FRAUD

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Arizona homeowner: ‘Bank stole my house’

Arizona homeowner: ‘Bank stole my house’

CBS 5 – KPHO

An Arizona man is accusing his bank of stealing his house and he wants it back.

The homeowner was on the verge of foreclosure when he paid off all the money he owed, but the bank sold the house anyway.

David Reed told CBS5 that he thought he had nothing to worry about when his home and 5-acre property in Maricopa was scheduled to be sold at auction, because he fell behind on his mortgage payments.

“I called their payment line and asked them what is the  total amount I owed to stop my house from going into foreclosure,” said Reed. “They told me $21,573.”

[CBS 5 -KPHO]

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