The foreclosure crisis just resulted in a very expensive mix-up for one Mississippi resident.
Terry Jordan was sold the wrong foreclosed home by her realtor and wasn’t informed until after she had spent thousands of dollars on renovations, WREG 3 reports. Her realtor then admitted she had actually been sold the house a few feet away, one half the size and full of mold.
Mississippi is far from one of the more dense foreclosure landscapes in the country. Only one in 4034 properties received a foreclosure filing in March, according to RealtyTrac. Yet the realty company told WREG 3 that they had been given the wrong information by the bank in charge of the foreclosed home anyway. Jordan planned to sell the home at a profit.