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Bank forecloses on homeowner ... three years after his house destroyed by a hurricane

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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-02-11 06:11 AM
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Bank forecloses on homeowner ... three years after his house destroyed by a hurricane
Edited on Wed Nov-02-11 06:36 AM by The Straight Story
Bank forecloses on homeowner ... three years after his house destroyed by a hurricane

In one man's world, your house can be destroyed, you can continue to make its mortgage payments, yet it can still be foreclosed.

That's the situation for Brad Gana, a Texas man whose home was washed away in 2008 by Hurricane Ike who continued to make its mortgage payments, before the bank arrived, confiscating whatever items they could get.

'I was shocked when they said they were foreclosing on it,' Brad Gana told investigator Amy Davis, according to KPRC-TV.

...

So when his bank contacted him, telling him they were foreclosing on him, despite payment he said he was making, he was stunned.

'It wasn't until about 20 calls that someone said, 'We had a homeowner's policy on your home that you reside in, and your monthly payments have gone up,'' Mr Gana told KPRC.

Mr Gana says he first learned of the foreclosure just two days before he planned to sell his property.

http://www.dailymail.co.uk/news/article-2056082/Man-losing-home-doesnt-exist-foreclosure.html
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w0nderer Donating Member (430 posts) Send PM | Profile | Ignore Wed Nov-02-11 06:32 AM
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