3 On Your Side helps woman begging the bank to foreclosePosted: Updated:
BUCKEYE, Ariz. - “It's not healthy, it's hard to let go of something when you're constantly responsible for it,” Andrea Robson said about her dream home.
It’s a home that, for financial reasons, she had to make a heart-wrenching decision to let go.
“I cried for 30 days when we made the decision we just need to walk away,” she said.
After trying repeatedly to get Bank of America to work with her so she could stay in the home, Andrea says she told no options were available.
So, she stopped making payments and moved out after receiving this notice stating her house would be auctioned off.
But that never happened.
Two years later, Andrea says Bank of America continued to postpone the auction date.
“Foreclose! Just foreclose on the property so we can move on with our lives!” she said with frustration.
Andrea was stuck paying more than $1,000 per month in property taxes and H.O.A. fees.
Not to mention the hit it continues to take on her credit.
“You hear these stories why won't they take my house, and there's a multitude of reasons why they won't foreclose,” housing expert Dean Wegner explained.
In addition to paying for upkeep, Wegner says banks are reluctant to finalize foreclosures on homes where they stand to lose a lot of money.
In the Robson's case, the loss B of A would take is roughly $350,000.
“So for them, it’s almost better just to hold out and see if the market bounces back,” Wegner said.
3 On Your Side contacted Bank of America, and while a spokesperson wouldn't comment specifically on this case we asked them to "confirm the home will actually go up for auction on April fourth."
Earlier this week, the dream home the Robsons spent more than $800,000 on was finally auctioned off on the steps of Superior courthouse for $290,500.
“I honestly don't think that would've happened had you guys hadn't got involved so thank you very much,” Andrea said.
News of the sale is a relief for Andrea and her husband Marc.
The Robsons say they're finally able to move on, and question just how long it would've taken the bank to close the door on this foreclosure had it not been for 3 On Your Side.
“They would not have budged had you guys hadn't gotten involved,” she said. “And it's because of you that we have our life back so thank you.”
So what do you do if you’re in a situation similar to the Robsons?
Experts say don’t feel rushed to move out of your home right when you get a foreclosure notice.
Usually, homes aren’t auctioned off until three or four weeks after you receive the notice.
If you’re in need of advice, there are several services across the state that offers legal advice for free.