Eight years ago, the Borchers paid their mortgage in full when they sold their house. They hired a title company to take care of the title transaction and moved on with their lives. Now, however, a completely different lender is suing them - along with everyone who has owned the house in the last eight years -- because of a typo on that old sale.
The typo describes the home as "Bloomingdale Section H" instead of "Bloomingdale Section R," a description for a house down the road. There have been three sales since the Borchers sold the home, and nobody caught the mistake until now. Because of that old mistake, the current owners are at risk of defaulting. Bank of America has filed suit against everyone, alleging it is up to the Borchers to resolve the problem. The Borchers are arguing that they are not responsible for the mistake and should not be responsible for correcting it.
Usually, the Borchers could go to the title company they used when they sold the home and who made the mistake, and have them fix the error. The problem here is that the title company no longer exists. This leaves the Borchers with little recourse and it will probably be up to the court to decide how to handle the situation.
Typos are rare occurrences, but they do happen. They are just one of the many ways a faulty foreclosure can be filed against you. If you are facing a foreclosure, contact a Jacksonville Foreclosure Defense Attorney and see how an attorney can help you.
