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US Bank Repossesses House

By Janet Spencer

US Bank Repossesses House

We came across an interesting piece in Property Observer this week.  The First National Bank, a US Bank in Wellston, Ohio, said that a bad GPS navigator was the reason it repossessed the wrong house. The bank had meant to foreclose on the house across the street.

The owner, had been away from her home for 2 weeks, and when she returned she found her locks changed and many of her possessions taken. She had to climb through a window to get into her house. She’s now seeking US $18,000 (AU$19,400) for missing items but the First National bank wants her to show receipts for all missing items.  The owner of the house isn’t even a customer of First National Bank. She also is quoted as having said that her “grass hadn’t been mowed and they just assumed” that her house was the one to be repossessed.

The moral of the story? Always mow your front lawn!!!

Source: Property Observer – GPS leads US bank foreclosure team to wrong Ohio house – or why you should always mow your front lawn  By Jonathan Chancellor Monday, 29 July 2013

For more up to date information on what’s happening in real estate in Melbourne, contact Janet at  jspencer@buyersolutions.com.au or 0418 101 146.
By Janet Spencer

 

 

Buying property, Housing Affordability, Housing Market, Overseas Buyers, Real Estate News & Opinion

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