Wednesday, June 29, 2011

Florida family pays Wells Fargo for home bank didn't own

Brian and Holly Barnhart thought they were home free when they bought their Cape Coral dream house from Wells Fargo Bank - but the bank didn't even own the house.

Now the Barnharts, who emptied their life savings to buy the house for $153,000 cash and renovate it for another $80,000, are stuck in limbo along with their two small children and a baby due in July.

If they needed to sell the house, they couldn't because they never actually owned it, said their Fort Myers-based lawyer, Jack Pankow.

No comments: