How to Protect Yourself If a Bank Tries to Wrongfully Foreclose Your Home

Homeowners be aware, most people do not think that large banking corporations would successfully foreclose on the wrong home, but it happens!


As covered in a previous article of mine, Wells Fargo accidentally foreclosed on the wrong home of an elderly couple. Wells Fargo sent in their subcontractors, who broke windows and destroyed all of their belongings. This couple did not even have a mortgage on their home and were never even customers of Wells Fargo.

You need to be aware of what you can do if this happens to you:

1. Call the police, anyone can claim to be a "contractor".
2. Require any contractor to show paper, which gives them authority for the action.
3. Require a contractor to sign any paper showing their business, date and description of the action they claim to have right to perform. Preferably, ask a police officer to act as a witness.
4. If you have a lawyer, call him on the spot. If not, get one.
5. If the Bank is indeed wrongfully foreclosing, you should video tape as much as possible.

Afterwards, you can sue the contractor and the bank. You may require not only compensation for direct damages, but also loss of value, hardship created, and emotional damages. Not only that, you can locate other victims and start a class action suit.


This should never happen, but it does. Please protect yourself! Become informed and aware so that you are able to protect your property and rights.

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