February 22, 2015

Bank Negligence Causes NY-CT Woman To Lose Half Her House



The left side of Rosanne Di Guilio's home is in Connecticut, while the right side is in New York
Photo: Douglas Healey
[From article]
A woman whose home sits on the border of New York and Connecticut was stunned to learn her neighbor owns half of her abode — because her bank failed to pay property taxes on the New York side, she told The Post.
Rosanne Di Guilio’s kitchen, living room and porch now belong to her neighbor Alethea Jacob, 52, who snatched up .2 acres of the half-acre plot for $275 at a county auction after it went into foreclosure in 2010.
[. . .]
Di Guilio, who is fighting the foreclosure in court, said Jacob demanded $150,000 when she tried to buy back the house after she learned of the tax snafu in 2013.
She insists Jacob schemed for access to her property to avoid fixing her own leaky septic tank.
[. . .]
The ordeal began after Di Guilio refinanced her mortgage in 2004 and JPMorgan Chase put New York tax money into an escrow account but never paid the bill and later sold it to the loan-service firm Seterus Inc., Di Guilio claims.
[. . .]
Chase will take responsibility for the cost Di Guilio will have to pay to buy back the property, she said.
Jacob and the bank are still negotiating a price.

http://nypost.com/2015/02/22/woman-loses-half-of-her-border-straddling-home-in-property-tax-snafu/

Woman loses half of her border-straddling home in tax snafu
By Jennifer Bain and Natalie O'Neill
New York Post
February 22, 2015 | 10:00am

No comments: