As the mortgage crisis escalates, it seems even homeowners not in foreclosure have to worry about having their property repossessed.
Just look at the case of this Texas couple, as reported by the Austin American-Statesman, via Housing Doom:
A Nigerian couple who are victims of a mortgage mix-up filed a lawsuit Monday in Williamson County against the company that removed everything they owned from the house, including family heirlooms, furniture and even food from the pantry.
So how did this happen?
From the same source:
In early May, the Dicksons bought a house that had been headed for foreclosure. All the paperwork was completed.
But the foreclosure process apparently wasn't halted, and the couple came home from work May 14 to find all their possessions gone.
The removed items were taken to local thrift stores, but the family has been unable to locate them, the American-Statesman reported.
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lab of OH 1:18PM July 02, 2008