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March 12, 2010

Polly Wanna Foreclosure: Bank Accidentally Repossesses House, Even Takes the Parrot

Angela Iannelli returned home one day in October to find her house ransacked, doors padlocked and pet parrot Luke gone. But it wasn’t the work of a burglar. It was Bank of America. The bank had repossessed her home even though the mortgage was current. Her fate, an accidental foreclosure, or wrongful lockout, is becoming more common as foreclosure rates rise, experts say.

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