Angela Iannelli returned home one day in October to find her house ransacked, doors padlocked and pet parrot Luke gone.
"I cannot walk into my house by myself. … I tried it one time by myself, went over, walked in, but the whole time I was jumping like somebody was behind me and I just started shaking," Iannelli of Gibsonia, Pa., said.
But it wasn't a burglar. It was Bank of America. The bank had repossessed her home even though the mortgage was up to date.
Her fate, an accidental foreclosure, or wrongful lockout, is becoming more common with major banks as foreclosure rates rise, experts say.
Iannelli, 46, is suing the bank, noting in court papers the serious destruction done to her house, including "cutting various water lines and electric wiring, damaging plaintiff's furnishings and carpets."
"If you or I had done to Bank of America, what Bank of America did to my client we'd be in prison for 10 years," Michael Rosenzweig, Iannelli's lawyer, said.
Iannelli, who eventually recovered Luke, said it took her six weeks to get the bank to clean up the house she has owned for 20 years.
Bank of America apologized, saying: "We will move quickly to review the allegations … and consider any hardship that resulted."
Dan Frahm, a spokesman for Bank of America, said the company has "zero tolerance" for these kinds of incidents.
Continued here:
Bank of America Apologized for Accidentally Repossessing Home, and Taking Pet Parrot - ABC News
"I cannot walk into my house by myself. … I tried it one time by myself, went over, walked in, but the whole time I was jumping like somebody was behind me and I just started shaking," Iannelli of Gibsonia, Pa., said.
But it wasn't a burglar. It was Bank of America. The bank had repossessed her home even though the mortgage was up to date.
Her fate, an accidental foreclosure, or wrongful lockout, is becoming more common with major banks as foreclosure rates rise, experts say.
Iannelli, 46, is suing the bank, noting in court papers the serious destruction done to her house, including "cutting various water lines and electric wiring, damaging plaintiff's furnishings and carpets."
"If you or I had done to Bank of America, what Bank of America did to my client we'd be in prison for 10 years," Michael Rosenzweig, Iannelli's lawyer, said.
Iannelli, who eventually recovered Luke, said it took her six weeks to get the bank to clean up the house she has owned for 20 years.
Bank of America apologized, saying: "We will move quickly to review the allegations … and consider any hardship that resulted."
Dan Frahm, a spokesman for Bank of America, said the company has "zero tolerance" for these kinds of incidents.
Continued here:
Bank of America Apologized for Accidentally Repossessing Home, and Taking Pet Parrot - ABC News
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