Foreclosure Suddenly Gives a Blow to a Couple in Long Beach
They had not been notified by the bank but were suddenly told to get out fast as they had no house they could call their home.
It all happened without warning. Mike and his wife Ellen Kahara had been struggling with meeting their mortgage dues when suddenly they found that their house had been foreclosed and auctioned off by their lender Wells Fargo. They came to know of it only when the representative of the new owner knocked on their front door. They had lagged behind on their house loan by $8,000 and their due on credit card was $30,000.
They only came to know how bad the situation had become when a stranger knocked on the door of their house in Long Beach last August to tell them that the house was under new ownership. An investment firm had bought the property from Wells Fargo. They were asked to vacate the premises as soon as possible.