Single Dad Faces Eviction Due to Refinancing Snafu

What happens when you refinance your mortgage, but the mortgage broker doesn't pay off the first loan? Just ask Keon Williams of Milwaukee.

Williams came home one day to find the locks on his home changed. Now he and his attorney are fighting to keep Harris Bank -- which acquired the one-story bungalow at a sheriff's sale in January -- from seizing his home. According to Williams's attorney, the mortgage broker he refinanced through failed to pay off the first mortgage note held by Amcore Bank, which was acquired by Harris Bank in April 2010.

"He found it necessary to go to court this morning to protect the home from the lender," attorney Geoffrey Gnadt told AOL Real Estate on Tuesday while taking a very brief break from writing the injunction motion against Harris.

Williams, who dropped from a whopping 12.5 percent interest rate to 6.625 percent when he refinanced through the now-defunct Central States Mortgage Co. about three years ago, never thought his savings would turn into his nightmare on North 44th Street.

"These last four, five months -- it's been very hard for me to even sleep at night," Williams said. "To know that you may be kicked out of your own house that you've been paying on is just ridiculous," he told the Milwaukee Journal Sentinel.