When I read today that a woman’s home in Homestead, Florida was mistakenly foreclosed on, I wasn’t that surprised. And when I further read that the mortgage holder of her home was Washington Mutual, now Chase, I was even less surprised. This was the very bank that filed foreclosure paperwork on my home in Ft. Lauderdale claiming that they had purchased the mortgage from another lender. Eventually, they were the mortgage holder of record, but not at the time they had a “screw up” with the purchase of the mortgage.
I can sympathize with Anna Ramirez, although, for me, it never came to the point that I found my belongings on the street and someone else in my home.
While the judge correctly reversed the sale and Mrs. Ramirez was able to move back into her home, her troubles have not ended. It will take some effort to have her credit corrected and, even though she may believe that it has been done, she will find the “foreclosure” back on her record in a few months. She will have to be, not only vigilant, but persistant. ”Foreclosure” filings are court recorded and the credit bureaus use this as their source for updating their credit files.
Let’s just hope that Mrs. Ramirez doesn’t have to live this nightmare again.
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