The Phaserl


YOU HAVE POWER! In 2011, Local Bank of America Branch Got Pad Locked After A Wronged Homeowner Foreclosed On It!

from WMFY News, via DigTriad:

Flashback 2011: 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.

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7 comments to YOU HAVE POWER! In 2011, Local Bank of America Branch Got Pad Locked After A Wronged Homeowner Foreclosed On It!

  • willygroper

    from 2011???

    • SGT

      MRH posted this one and we should have noted that this was a flashback report. I have amended the headline. Thanks!

    • AuroraBorealis

      This story was on the Daily Show a few years ago. John Oliver was the reporter, I think. No lawyer wanted to help the couple, until they found the new, oung lawyer that took the case. It was an awesome segment. It’s probably still on their web site.

  • Rob

    Still good to see good news.

    Kind of a retro of old news to enjoy.

  • Craig escaped from Detroit

    More than 15 years ago, there was a story, (foggy on most details), about somebody who was getting charged late fees, etc, for over-due utility bills which were paid on time (and receipts to support the payments).

    The aggrieved home owner got deep & deeper into trouble and could NOT get the utility company to fix the situation, so the home owner took the case to Small Claims court and won it.

    The utility company did not pay the court judgment and the homeowner went back to the court to get a Lien on the utility company offices (HEADQUARTERS building), and the company did NOT pay the judgment yet, and the homeowner took the past due lien to the sheriff’s dept to “execute” the legal “real estate auction” on the property, and the homeowner put in the one and only winning bid, and was going thru the process of claiming title-deed to the multi-million dollar headquarters when the company finally gave in, paid ALL the money, fees, and re-reimbursements to re-claim the deed.

    I’ll bet SOME collections dept & manager lost their job over THAT situation.

    In most states, when you buy a “tax or foreclosure deed”, the party who LOST the deed, typically has 6-18 to “re-deem / reclaim” the property by paying back all the money you spent to bid on it, fees, etc AND pay you some interest, in some states, they have to pay you as much as 20% interest on top of all your expenses. I think I can recall, that some states make the redeemer pay you more than 20% ???

  • EVIL banking community! How many elderly (and confused) people potentially had their paid for homes taken by this bank? It’s well known that there are “operations” in which unscrupulous people send “invoices” to elderly people, debts which don’t exist, knowing they’ll be able to “skim” lots of them due to artificial intimidation.

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