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Showing posts with the label Foreclosure

What's up with this advertisement, Oconee State Bank?

This was borrowed from an advertisment in the Oconee Enterprise newspaper, 3/11/10 ~ I would love to know the back story Notice Concerning Oconee State Bank Vicky V. Cain provides notice to the public that Oconee State Bank is proceeding wrongfully on its foreclosure on her home located at 1063 Lancaster Court, Bogart, Georgia 30622. Mrs. Cain has offered to pay off the lot loan in return for Oconee State Bank simply canceling its security deed. Mrs. Cain borrowed absolutely no money from Oconee State Bank to build her home. When the loan for the lot was issued, Oconee State Bank never revealed an intent to reap a windfall from the significant improvements (investment) Mrs. Cain made to this lot with her own money to build her home on it. Neither she nor the Bank intended the home that was being built was going to be collateral for other business debt that Mrs. Cain is not responsible for. The Bank now seeks to be enriched unjustly by attempting to foreclose on her hom...