Two Cent Foreclosure - WSVN-TV - 7NEWS Miami Ft. Lauderdale News, Weather, Deco

Two Cent Foreclosure

Posted: Updated:
Homeowner Gloria Jacques Homeowner Gloria Jacques

It's no secret that there have been a lot of abuses in the huge number of foreclosures filed in recent years, but can you imagine a foreclosure over two cents? Hard to believe, but Carmel Cafiero is on just such a case.

WSVN -- This Lighthouse Point condo has been home to Gloria Jacques for eight years, but for the last two of those years, the 80-year-old has been in fear of losing her home to foreclosure despite never having missed a mortgage payment.

Her attorney says Bank of America filed for foreclosure over two payments that were each one penny short, payments that the bank deducted from her account.

Tom Murphy: "Well, Bank of America shortchanged the payment that they were making to themselves for her mortgage."

Carmel Cafiero: "So it was a bill pay type thing?"

Tom Murphy: "It was a bill pay and it was a penny short."

The case was set to be heard by Judge Cynthia Imperato, but an attorney representing the bank asked for a delay.

Attorney: "We were trying to basically work something, trying to get someone in authority to work something out. So that's what the holdup was."

Something was worked out after meetings outside the courtroom.

Attorney: "At this time we actually have come to a settlement agreement."

Judge Cynthia Imperato: "OK."

Attorney: "And we will be dismissing the case."

As you can guess, it was a huge relief.

Gloria Jacques: "It was a lot of tension and a lot of anguish, worry, you might say. Worrying whether I was gonna lose this."

Jenn Jacques: "It's ridiculous, totally, and we tried to resolve it on our own and they wouldn't hear of it."

Gloria's attorney says the foreclosure should never have been filed.

Tom Murphy: "I think it's horrible. I think it's outrageous, I think banks should be taken to task for it."

I tried to get an explanation from one of Bank of America's attorneys.

Carmel Cafiero: "Why wouldn't you want to talk about this?"

Down the hallway, all the way to the elevator, I tried to get an answer as to why the bank would file foreclosure over two cents. It didn't work.

Carmel Cafiero: "We don't know the specifics of the settlement because it's confidential. All we got from Gloria's attorney is, "The settlement is OK."

And daughter Jenn can also rest easy knowing that her mother's home remains her mother's home.

Carmel Cafiero, 7News.

IF YOU HAVE A STORY FOR CARMEL TO INVESTIGATE:

Miami-Dade: 305-627-CLUE
Broward: 954-921-CLUE
E-mail: clue@wsvn.com

  • Help Me HowardMore>>

  • Ticketed for Riding Bike

    Ticketed for Riding Bike

    Thursday, August 21 2014 11:05 AM EDT2014-08-21 15:05:28 GMT
    When his license was suspended he needed to get to work, so he bought a bicycle and then he got five tickets from a police officer. Why? It's why he called Help Me Howard with Patrick Fraser.
    When his license was suspended he needed to get to work, so he bought a bicycle and then he got five tickets from a police officer. Why? It's why he called Help Me Howard with Patrick Fraser.
  • $3.3 Million Lien on House

    $3.3 Million Lien on House

    Tuesday, August 19 2014 11:39 AM EDT2014-08-19 15:39:17 GMT
    The duplex that Victoria Berquist inherited from her parents.The duplex that Victoria Berquist inherited from her parents.
    When her disabled parents died, she inherited their home and a $3.3 million lien they didn't know about. Why? Because they didn't plant some grass and a hedge. Now, is she stuck paying it? It's why she called Help Me Howard with Patrick Fraser.
    When her disabled parents died, she inherited their home and a $3.3 million lien they didn't know about. Why? Because they didn't plant some grass and a hedge. Now, is she stuck paying it? It's why she called Help Me Howard with Patrick Fraser.
  • Palms Cut Down

    Palms Cut Down

    Wednesday, August 13 2014 10:46 PM EDT2014-08-14 02:46:27 GMT
    You have probably seen it before. FPL sends its crews out to cut the limbs that are in the power lines, but how about this? Cutting down nine palm trees, some in the yard, not near a power line. Can they do this? It's why one South Florida homeowner called Help Me Howard with Patrick Fraser.
    You have probably seen it before. FPL sends its crews out to cut the limbs that are in the power lines, but how about this? Cutting down nine palm trees, some in the yard, not near a power line. Can they do this? It's why one South Florida homeowner called Help Me Howard with Patrick Fraser.
  • 7News InvestigationMore>>

  • Captain of Controversy

    Captain of Controversy

    Capt. Francesco SchettinoCapt. Francesco Schettino
    In Italy this week, the captain of the Costa Concordia began pre-trial hearings he hopes will convince a judge that the deadly shipwreck was an accident and not a crime. Earlier this year, investigative reporter Carmel Cafiero traveled to Italy for an exclusive interview with Captain Schettino and now has a special assignment report on what he will be telling the court.
    In Italy this week, the captain of the Costa Concordia began pre-trial hearings he hopes will convince a judge that the deadly shipwreck was an accident and not a crime. Earlier this year, investigative reporter Carmel Cafiero traveled to Italy for an exclusive interview with Captain Schettino and now has a special assignment report on what he will be telling the court.
  • Till Death Do Us Part

    Till Death Do Us Part

    Thursday, November 7 2013 11:54 PM EST2013-11-08 04:54:26 GMT
    Alejandra Apraez said her wedding was ruined when the florist she hired did not show up. Alejandra Apraez said her wedding was ruined when the florist she hired did not show up.
    There is very little that will match a bride's wedding day -- a day, months, even years in the planning -- and one South Florida woman's wedding was ruined when the florist didn't show up. Why? A death ... but was there a death? Tonight, investigative reporter Patrick Fraser has the amazing story in a report we call "Till Death Do Us Part."
    There is very little that will match a bride's wedding day -- a day, months, even years in the planning -- and one South Florida woman's wedding was ruined when the florist didn't show up. Why? A death ... but was there a death? Tonight, investigative reporter Patrick Fraser has the amazing story in a report we call "Till Death Do Us Part."
  • Blackwater Fever

    Blackwater Fever

    It was a terrible form of malaria that killed two men. Turning their internal organs black. In south Florida we have almost wiped malaria out but now the concern -- it's spreading around us and could hit us. As...
    It was a terrible form of malaria that killed two men. Turning their internal organs black. In south Florida we have almost wiped malaria out but now the concern -- it's spreading around us and could hit us. As Patrick...
  • Bite with BelkysMore>>

  • Sea Bass Cartoccio/Spartico

    Sea Bass Cartoccio/Spartico

    Thursday, August 21 2014 5:58 PM EDT2014-08-21 21:58:10 GMT
    Fresh, juicy fish with vegetables. It's easy to make and we're going to share the secret. Let's grab a Bite with Belkys.
    Fresh, juicy fish with vegetables. It's easy to make and we're going to share the secret. Let's grab a Bite with Belkys.
  • Southeast Street Chicken/Mister Collins

    Southeast Street Chicken/Mister Collins

    Tuesday, August 19 2014 7:36 PM EDT2014-08-19 23:36:28 GMT
    A South Florida chef is sharing his chicken recipe that'll leave a fruity taste in your mouth. Time to grab a Bite with Belkys.
    A South Florida chef is sharing his chicken recipe that'll leave a fruity taste in your mouth. Time to grab a Bite with Belkys.
  • Dynamite New York Strip/Truluck's

    Dynamite New York Strip/Truluck's

    Thursday, August 14 2014 6:52 PM EDT2014-08-14 22:52:53 GMT
    If you cannot decide between steak and shrimp why not have them both. A South Florida chef shares his recipe for some good surf and turf time to grab a Bite with Belkys.
    If you cannot decide between steak and shrimp why not have them both. A South Florida chef shares his recipe for some good surf and turf time to grab a Bite with Belkys.

  • Carmel on the CaseMore>>

  • Bad Romance: Criminal Casanova Arrested

    Bad Romance: Criminal Casanova Arrested

    Tuesday, August 19 2014 10:54 PM EDT2014-08-20 02:54:12 GMT
    Frank Amanti Frank Amanti
    Two women say they've been used by a seasoned South Florida felon known for breaking hearts and the law. Investigative reporter Carmel Cafiero is on the case.
    Two women say they've been used by a seasoned South Florida felon known for breaking hearts and the law. Investigative reporter Carmel Cafiero is on the case.
  • Paver Projects at Trash Sites Raise Questions

    Paver Projects at Trash Sites Raise Questions

    Tuesday, August 5 2014 10:41 PM EDT2014-08-06 02:41:41 GMT
    It cost Miami-Dade County $768,062 to put these pavers in three of the county's 13 trash sites. It cost Miami-Dade County $768,062 to put these pavers in three of the county's 13 trash sites.
    WSVN -- Miami-Dade County is looking at deep cuts to balance the budget, so why was money spent to make dump sites look better? Investigative reporter Carmel Cafiero is On the Case.
    WSVN -- Miami-Dade County is looking at deep cuts to balance the budget, so why was money spent to make dump sites look better? Investigative reporter Carmel Cafiero is On the Case.
  • Taxing Trouble

    Taxing Trouble

    Thursday, July 31 2014 11:38 PM EDT2014-08-01 03:38:09 GMT
    WSVN -- By this time of year, most of us have paid our taxes. Some of us have even had refunds. But what happens if a tax preparer made a mistake on your return? Here's Carmel Cafiero with a special assignment report on who pays the price for "Taxing Trouble."
    WSVN -- By this time of year, most of us have paid our taxes. Some of us have even had refunds. But what happens if a tax preparer made a mistake on your return? Here's Carmel Cafiero with a special assignment report on who pays the price for "Taxing Trouble."
Powered by WorldNow

WSVN-TV
Sunbeam Television Corp
1401 79th Street Causeway
Miami, FL 33141

Switchboard: (305) 751-6692
Newsroom: (305) 795-2777

Can't find something?
Connect with us here:
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WSVN. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.