Orlando Sentinel-
A recent knock on the door of Sheridon and Susan Turner’s suburban home delivered news that shocked the elderly couple: Wells Fargo was suing them for foreclosure on a home they sold 21 years ago.
The Turners sold the house on Hidden Lake Drive in Sanford to homebuyer Alton Ricks in July 1994 and transferred their assumable mortgage to him as part of the sale, which was processed by an Orlando real estate law firm. Until the process server knocked on their door, they had heard nothing for decades about the house, the mortgage, or the man who bought it from them.
“Needless to say, we were shocked,” said Sheridon Turner, 72. “That lawsuit could ruin my credit. If we had the mortgage, why wouldn’t the bank send me a notice when someone stopped making the payments last August?”
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Wahhhh! Really dislike the fact I have to sign up for a paid subscription to read the article in the Sentinel. (I live out west).
Sounds like another new twist we’ve yet to experience from the banks?