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PostPosted: Sun Jun 05, 2011 1:54 am 
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http://scaredmonkeys.com/2011/06/04/home-owners-foreclose-on-bank-of-america-turn-about-is-fair-play/

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PostPosted: Sun Jun 05, 2011 1:56 am 
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After all of the banks that have incorrectly foreclosed on unsuspecting homeowners, its nice to see that the roles were reversed in a major way for once. According to WFMY News, the problems 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 home owners paid cash for their house, but BOA wanted to here nothing of it.

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 what did Bank of America do when asked to pay legal fees by the courts? Ignore the order of course. Five months went by and no sign of the$2,534 legal fee payment for the error. payment nor was BOA returning calls. The Nyergers’ attorney then did what has to be one of the best things I have ever seen to get his clients rightful fees … attorney Todd Allan foreclosed on the bank and seized their assets.

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.

Talk about the tables being turned. Talk about your sweet justice. A home owner seizing assets from a bank with the Sheriff’s assistance, ya gotta love it. When confronted with the situation, Bank of America finally cut the check.

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PostPosted: Sun Jun 05, 2011 2:18 am 
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Grrr... Eat your oatmeal!!
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bwahahahahaha

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PostPosted: Sun Jun 05, 2011 4:16 am 
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hehhehehehehe

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PostPosted: Sun Jun 05, 2011 6:41 am 
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awesome :)

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PostPosted: Sun Jun 05, 2011 11:28 am 
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That is excellent! When do we get to start doing this to wall street?


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PostPosted: Sun Jun 05, 2011 6:15 pm 
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Sweet move =)


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PostPosted: Sun Jun 05, 2011 6:49 pm 
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PostPosted: Sun Jun 05, 2011 9:43 pm 
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Were missing a bigger issue here. How does the bank think they have a lien on a house deal they didn't fianance?

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PostPosted: Mon Jun 06, 2011 12:38 am 
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Rorinthas wrote:
Were missing a bigger issue here. How does the bank think they have a lien on a house deal they didn't fianance?

Because of derivatives trading and aftermarket sales of mortgages, ownership of liens is so muddled that in many cases defaulting homeowners can get out of legitimate mortgages because the actual owners of the mortgage can no longer prove who owns the liens when they try to foreclose. I'd bet BofA thought this was likely the case, and even then they had the backup plan of being able to outspend many people they would take legal action against. And I don't think this is the first time something like this has happened, but for the life of me I can't remember where I heard about it before.

Not a fan of BofA, so high five to the homeowners!

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PostPosted: Mon Jun 06, 2011 9:35 am 
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Digital Ferret did pretty much the same thing:

http://consumerist.com/2011/02/how-this ... fargo.html

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