Bank of America Gets Pad Locked After Homeowner Forecloses On It

[NoStateofMind]

Bank of America Gets Pad Locked After Homeowner Forecloses On It

Collier County, Florida -- Have you heard the one about a homeowner foreclosing on a bank?

Well, it has happened in Florida and involves a North Carolina based bank.

Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank.

It started five months ago when Bank of America filed foreclosure papers on the home of a couple, who didn't owe a dime on their home.

The case went to court and the homeowners were able to prove they didn't owe Bank of America anything on the house. In fact, it was proven that the couple never even had a mortgage bill to pay.

A Collier County Judge agreed and after the hearing, Bank of America was ordered, by the court to pay the legal fees of the homeowners', Maurenn Nyergers and her husband.

The Judge said the bank wrongfully tried to foreclose on the Nyergers' house.

So, how did it end with bank being foreclosed on? After more than 5 months of the judge's ruling, the bank still hadn't paid the legal fees, and the homeowner's attorney did exactly what the bank tried to do to the homeowners. He seized the bank's assets.

"They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated, " attorney Todd Allen told CBS.

Sheriff's deputies, movers, and the Nyergers' attorney went to the bank and foreclosed on it. The attorney gave instructions to to remove desks, computers, copiers, filing cabinets and any cash in the teller's drawers.

After about an hour of being locked out of the bank, the bank manager handed the attorney a check for the legal fees.

"As a foreclosure defense attorney this is sweet justice" says Allen.

Allen says this is something that he sees often in court, banks making errors because they didn't investigate the foreclosure and it becomes a lengthy and expensive battle for the homeowner.

:biggrin:

One for the little guys?

 

[JD50]

lol

 

[Engineer]

Awesome!!!

Personally, he should have been a dick about it and kept them out for more than an hour! :twisted:

 

[Vette73]

Awesome!!!

Personally, he should have been a dick about it and kept them out for more than an hour! :twisted:

I would have at least waited for the check to clear. :whiste:

 

[GroundedSailor]

The executive who made the decision to not follow the courts orders should be made to share the legal costs paid.

 

[Hayabusa Rider]

Gotta love this one. The Mouse that Roared.

 

[Matt1970]

I would have at least waited for the check to clear. :whiste:

Yep.

 

[Schadenfroh]

Hahahaha, awesome

 

[JSt0rm]

Tell me whats good about owning property again?

 

[blackangst1]

Tell me whats good about owning property again?

What does this question have to do with the story?

 

[boomerang]

I've got the sound down pretty low but this was over a rather trivial amount. Sounded like $2500 or $2800, I didn't quite make it out.

http://www.foxnews.com/on-air/fox-f...001/collecting-for-a-cure/?playlist_id=163197

Nice to see the little guy take on the big boys and win. It really all came down to finding the right attorney. One willing to take on the case for a small return.

 

[werepossum]

Freakin' sweet.

 

[Jhhnn]

I would have at least waited for the check to clear. :whiste:

I don't think the bank manager wanted any further exposure. Poor bastard probably got called in on the carpet at headquarters to answer to the bean counters about this unauthorized expenditure... Executive bean counters never take the blame for anything.

Mortgage servicers, often the mortgage originators, currently have enormous problems created in the haste to create toxic MBS & push them out the door onto investors. They deserve all the grief they're getting, and more.

 

[JSt0rm]

What does this question have to do with the story?

Are you the forum nazi now? Neocons love control.

 

[blackangst1]

Are you the forum nazi now? Neocons love control.

I guess that answers that question :biggrin:

 

[infoiltrator]

More likely someone said "hey, it happens, no fair. Don't pay and they will go away" or "if I don't pay I won't be held responsible for the expense" or " waiting for legal to find a loophole".
Choose any or all.
I would sue for more than legal fees after nonpayment. Deadbeat bank.

 

[JSt0rm]

I guess that answers that question :biggrin:

I dont answer to fascists.

 

[dmcowen674]

Tell me whats good about owning property again?

Absolutely nothing in the U.S. anymore.

Besides since the Supreme Court decision a few years back under Bush no one owns property, only the Government does now, you are just renting it.

 

[wuliheron]

Does this mean if congress defaults on our loans we can padlock capital hill?

 

[Icepick]

Good. It's nice to see the big banks get pwned every now and then.

 

[jman19]

Ok, that was pretty cool :thumbsup:

 

[spittledip]

Hehe, talk about justice

 

[wuliheron]

Hehe, talk about justice

Justice would be if the bank fired whoever refused to pay the bill, investigated whoever started the fraudulent lawsuit in the first place, and publicly apologized for their behavior.

 

[spittledip]

Justice would be if the bank fired whoever refused to pay the bill, investigated whoever started the fraudulent lawsuit in the first place, and publicly apologized for their behavior.

Give it some time. Do you think BOA is going to put up with this bad press?

 

[JSt0rm]

Give it some time. Do you think BOA is going to put up with this bad press?

I dont think they give a fuck about bad press.