Bank Auctions Home After Owner Told It Was Safe

bank of america
bank of america

Bank of America promised a Colorado man that the sale of his foreclosed home was on hold while they worked out the details, but as he stood on the phone with the North Carolina-based lender the home was auctioned off.

Ray Vigil of Arvada, Colo., had gone through a period where he couldn't pay the mortgage, but for the last 16 straight months he had been making payments, reported KMGH-TV News in Denver. The bank told him, "As long as the modification was under review, that foreclosure sale will not go through."