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Tampa family’s home sold without their knowledge

 

TAMPA – Feb. 19, 2016 – A couple in Tampa, Fla., are facing foreclosure even though they never missed a mortgage payment or did any business with the bank that's trying to foreclose.

Kris and Rebecca Kraft purchased their house in 2013 with an $80,000 downpayment. Soon after, they started to suspect something wasn't right when they began receiving mail from professionals offering to help them fight foreclosure or relocate to another home. One day, they came home to find foreclosure notices taped to their front door and garage. A Nationstar Bank relocation specialist also contacted them and wanted to move them out.

The Krafts then discovered – to their surprise – that their house was listed for sale on Zillow.com. The listing description read: "The property is occupied and occupants are not to be disturbed or contacted under any circumstances."

"Neither of us slept all night long, thinking, 'What the heck is happening?'" Rebecca Kraft told the local NBC news affiliate. "This is our home. We've been paying for this."

The title to the couple's home had been transferred to Nationstar Bank in late December, without any notifications sent to the Krafts. The couple says when they discovered what happened they contacted the bank trying to seek answers but were told they were unauthorized to receive information.

"We do not have a loan with them," Kris Kraft said. "They won't even talk to us."

After some research into public records, the couple discovered a trail of mortgages from the previous owner. The home first sold in 2004 and the buyer took out two mortgages with two different banks. The buyer then lost the home to foreclosure in 2013. The second mortgage holder had foreclosed on the home before the first mortgage holder. The home was then sold to an investor who flipped the home to the Krafts, according to NBC news reports. In December 2015, the first mortgage holder – Nationstar Bank – foreclosed on its lien to take the title.

The home shouldn't have been sold because of a "clouded title," NBC said. Now, Nationstar and the Krafts claim title to the home.

The couple purchased title insurance when they bought the home, and the title insurance may cover mortgage costs for the Krafts if they have to give their home back to Nationstar. But right now, the couple sits in limbo as they wait for answers.

"It's mind blowing that something like this could happen," says Kris Kraft.

Source: "Title Problems Threaten to Cause Family to Lose Their South Tampa Home," WFLA.com (Feb. 16, 2016)

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Related Topics: Legal