NM family suing California-based company that mistook family home for foreclosure, cleared it out - FORECLOSURE FRAUD

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NM family suing California-based company that mistook family home for foreclosure, cleared it out

NM family suing California-based company that mistook family home for foreclosure, cleared it out

KOB 4-

The American foreclosure crisis gripped our nation, reminded all of us of the dangers of risky loans and left millions without their homes. At its peak, it was downright scary for homeowners worrying when the bank would repossess their homes.

But we’ve discovered a darker side to the business of home foreclosures; it’s a side that victimizes the most innocent of people. Banks often contract out the gritty process of clearing out homes, but as we explore in this investigation, contractors often gets it wrong.

Joseph and Priscilla Saavedra know that fact all too well. The couple lives in Tijeras, but they own a house in the San Miguel County village of San Geronimo, just outside of Las Vegas, NM. And this isn’t just any house; it’s a home that has been in their family for generations and the home where they planned to live full time after they retire.

[KOB 4]

image credit: kob.com

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