ANOTHER FIASCO: $1 Error Leads Bank Of America To Foreclose On A House That Was Already Sold

Foreclosure home

Yesterday, we reported that a Texas resident was threatened with foreclosure after Bank of America incorrectly placed an insurance policy and increased mortgage payments on a house that didn’t exist. 

It looks like the major financial institution has screwed up again.

According to Connect2Utah (via The Consumerist), a Utah family received a foreclosure notice from Bank of America on a home they sold months earlier. What’s worse, the homeowner’s credit score was destroyed by a negative report claiming the family had missed months of mortgage payments. 

Apparently, the mix-up was attributed to a $1 coding error, which BofA quickly noted.

After acknowledging the error, however, it took the bank more than five months to correct the issue. 

Only after Connect2Utah’s Matt Gephardt reached out to BofA in an email, did the bank confirm it was fixing the coding error as well as the family’s credit report. 

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