Bank Mistakenly Starts Foreclosure Process on Wrong Home
March 7th 2008 by Kelly in Real Estate
A Florida homeowner was alerted that his pool was being drained and his locks were being cut off when a neighbor contacted him. Denroy Bell rents his house out while he primarily lives in London. Bell didn’t have a mortgage with the bank that made the mistake of breaking into his home. He wants the bank to refill his pool and replace the locks on his doors. The company admits the foreclosure was a mistake and says that it was an accident due to the high number of foreclosures right now. Why would they have drained the pool even if it was being foreclosed? It seems like the bank could more easily sell the house if the pool was filled up and looking pretty too. I think the bank made more than one mistake with this foreclosure.
March 7th, 2008 at 11:27 pm
It seems that any house, even without mortgages can be carelessly or fraudulantly foreclosed on. This guy needs to sue asking the court to award him Citibanks $264Billion in assets and those of the six on its board of directors plus punitives and ask that the court authorizing the foreclosure be swiftly and severely dealt with.
March 7th, 2008 at 11:54 pm
Why would they have drained the pool even if it was being foreclosed?
Probably because a swimming pool at a vacant house would be an attractive nuisance for neighborhood children. Imagine if unsupervised kids were swimming in the pool and somebody drowned.
March 8th, 2008 at 12:47 pm
An unattended pool is more of an eye sore than an empty one: If you shut off the filter and leave it uncovered, it doesn’t take long for the pool to transform into some sort of nasty swamp-thing (I know, because this is what my grandmother used to do to her pool every winter). What did they do with all the water they drained? If they were careless enough to foreclose on the wrong house I can see them draining the pool into the yard…
March 10th, 2008 at 12:58 am
Obviously the people who drained the pool have never seen an empty concrete float after a hard rain. That is why during construction you leave holes in the gunite.
March 10th, 2008 at 10:24 am
Spacenavigator
Give me a freakin break. A mistake was made and the bank will make it right. Jeez people like you are laughable.
March 10th, 2008 at 10:27 am
Anyone who lives in Florida knows, you CANNOT drain a pool. The pool can actually come up out of the ground if it rains hard enough…..why do you think we don’t have basements in Florida?
Stupid out-of-town banks that know NOTHING about the communities in Florida….no wonder it’s the “big banks” that are taking it on the chin. They are so out of touch with the communities they do business in.
March 10th, 2008 at 10:30 am
That’s true. I have heard of gunite pools popping out of the ground when all the water is drained at one time, or at least causing a crack. He should definitely be compensated to have it structurally checked.
March 10th, 2008 at 3:22 pm
> Give me a freakin break. A mistake was made and the bank will make it right.
Only if the bank is threatened with severe financial consequences if it doesn’t. Haven’t you ever been screwed over by bureaucrats? They are move then willing to screw you over until you spend your money to fix the problem.
March 11th, 2008 at 1:57 am
Besides some reasons already given, The pool may have been drained to stop the breeding of mosquitos. There is a huge problem with mosquitos breeding now in pools that are not being taken care of in Millions of foreclosed homes across the country. This crash is going to last for 10 years and maybe 20.
March 11th, 2008 at 10:35 am
I hate mosquitos, but you’re right, I bet having a full pool (with no chemicals) would breed mosquitos. Our pool got filled with these annoying little flying ants one summer, it took a lot more upkeep than just pouring in some chemicals a couple times a week. It was constant chore to keep it looking pretty. A lot of people just pay someone to come do it for them once a week. The crash is scary, watching the stocks lately is not comforting.