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Bank of America Gets Padlocked After Homeowner Forecloses On It

UKMikeyUKMikey Posts: 28,728
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http://www.youtube.com/watch?v=js0fP9zk7AM

http://www.digtriad.com/news/watercooler/article/178031/176/Florida-Homeowner-Forecloses-On-Bank-Of-America
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 couple said they paid cash for the house.

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.
If true then I guess this story proves that turnabout as the Americans say is fair play.

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    [Deleted User][Deleted User] Posts: 36,630
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    Good on him, giving the banks a taste of their own medicine. :)
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    UKMikeyUKMikey Posts: 28,728
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    Not often you get to see a feelgood financial story. ;)
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    AndrueAndrue Posts: 23,364
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    Nice move! I'd love Barclays to try that with me. I currently have just under £500 outstanding on my mortgage so I'm spoiling for a fight :D
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    lalalala Posts: 21,175
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    Good on them!
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