Wednesday, June 10, 2009

Another Ridiculous Foreclosure Story

We've explored on News Talk Online on cases where people who have paid their rent religiously to their landlord have been evicted on one or two-hour notice because the landlord defaulted on the mortgage. I just recently posted a piece about a Minnesota man getting boarded up in his own house when they came to foreclose on him. But this story might just take the cake. It also shows how justice is not only blind, but sometimes stupid as well.

A guy in Connecticut owes the city a whopping $51.69 in back taxes. Well, you know, the city of Bridgeport just can't let that go unchallenged. So it spent God knows how much money - certainly more than $50 - to take Jean Castro to court to foreclose on his house for back taxes. And the judge, who clearly lacks both common sense and compassion, approved the foreclosure and ordered the house sold. By the way, the mortgage company was supposed to pay the taxes. So it was the bank that shortchanged the city, not Castro.

This is supposed to be a compassionate nation. Government, presumably, was established by the people for the people to protect us and provide basic services. Not to toss a guy out of his house over a mere $50.


Anonymous said...

"This is supposed to be a compassionate nation."

Suckered you in too, huh?

Anonymous said...

On the other extreme, I know someone who hasn't paid his mortgage or his property taxes for 20 months, and neither the bank nor the local government have given him any trouble.

Anonymous said...

This is bureaucracy run amok. Horrible. The man saved for years to buy this home.

Anonymous said...

How stupid. In a day, one person could have reviewed all foreclosures pending and made a last attempt to clear up the obvious situations before bashing through the foreclosure process.

It looks as if some greedy clown wanted that property, and now they have a shot at getting it.

The whole case should be investigated for elderly predation.

Anonymous said...

And yet people will allow the government to be involved in their healthcare choices without blinking an eye.

Anonymous said...

It is disheartening to see just how often this occurs. I suspect the city decided they would rather get the money for a house rather than a measly $50 and felt no need to work with him. This is supposed to be a compassionate nation and safeguards are supposed to be in place to help the average person. What a tragedy.

Anonymous said...


The story gets bigger and more convoluted if you follow the links you have provided.
Without a doubt, taking the house "over a mere $50" is a travesty. If the additonal links are to be believed this man has more trouble with his local municipality than this however. And it seems to me his attorney needs to quit the decaf, get the real stuff and stop the foreclosure. If he truly is current on his mortgage, BofA's loss mitigation department would know that they will rack up costs as well that won't make sense on their ledgers. There are ways to get them to listen....not to common sense, but to well phrased, calm threats and appeals to their pocketbooks.A verbal smackdown in a "Dirty Harry" voice goes a long way with them when pleading has no effect. It is an art however and not well done by most.
Most attorneys however that are in the middle of this right now are counseling people to file for bankruptcy to stop the foreclosure which of course garners them fees, but is only a temporary measure.
Certainly the lender, Countrywide in this instance, now owned by BofA is a terribly difficult entity to deal with in these situations and are ruthless in their lack of concern.
It's a mess.

Anonymous said...

"the mortgage company was supposed to pay the taxes."

This is one of those horror stories I read years ago, about escrow accounts and how you may sign papers that say the mortgage company is going to be paying the taxes, but YOU are still the responsible party if the payments aren't made. YOU are the one that will be out of your house. THEY could not care less.

We recently bought our first house, at an advanced age (after enjoying the mobile life for years), and I insisted that we pay our own property taxes, based on those horror stories I'd heard years ago. When we refinanced, the new paperwork had it back to going to an escrow account. You have to watch them like a hawk. In order to get it taken out of our contract, we had to prove we had made the last payment. Whatever - I don't care. I'm not making a phone call twice a year to the county to find out whether or not someone else paid my taxes.

Anonymous said...

Guys, just because the house is ordered sold doesn't mean that people go in and toss everything out on the sidewalk. It doesn't work that way.

Foreclosure takes months. So, the guy will have a chance to pay the fifty bucks and that will stop the process.

Tony Wang

Anonymous said...

Perhaps a more heated an informed discussion about why our government officials aren't doing more than supporting the banks. Most judges don't even review Unlawful Detainer cases. These cases are routinely rubbered stamped and 99.8 % of defendants are evicted without benefit of their day in court.

Allene Swienckowski