Joji Thomas was desperate to save his home. The San Francisco mechanical engineer sold his car, tapped into his wife’s savings and begged friends for money. In July, to stave off foreclosure, he bought a $27,777.85 cashier’s check and mailed it to Bank of America.
Credit: Matt Drange/Center for Investigative Reporting
A bank representative acknowledged receiving the check two days later, Thomas said. But the payment went missing later that week and was not applied to his mortgage. Bank of America foreclosed on his home and sold it at auction. He moved out April 13.
“I was forced into this,” he said as he cleared the furniture from his home. “I had no other choice.”
Thomas is one of thousands of Bay Area homeowners fighting in court to save their homes from a foreclosure system rife with mistakes, mismanagement and even fraud, a joint investigation by the Center for Investigative Reporting and NBC Bay Area has found.
http://cironline.org/reports/error-claims-cast-doubt-bank-america-foreclosures-bay-area-4412
The Secular Jurist 
There is a simple fix to all of this BS. Write the law such that if the bank forecloses without having properly done EVERYTHING then the bank forfeits the property, mortgage and all associated fees to the home owner. Then banks will do everything in their power to ensure foreclosures are done by the book because cutting corners will cost them the entire property.
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Writing such an effective law would indeed be simple. Getting it passed would be a much different story.
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That’s always the problem.
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