Foreclosing on Bank of America: "This is Sweet Justice"
Since the housing bust, bank home foreclosure has become a rather every day sort of event, but today there’s a new twist. A Florida couple that bought their home with cash — and never took out a mortgage, mind you — has lashed back at what could only be described as a predatory, and painfully incompetent, Bank of America branch.
When Bank of America filed foreclosure papers on their home, the couple took the case to court and swiftly proved they didn’t owe the bank a dime for their home. However, its what happened next that could truly become an uplifting bedtime story for a new generation.
When Bank of America dragged its feet on covering legal fees that it was mandated by the court to pay, the couple foreclosed on the bank.
According to CBS News and Information Clearing House:
“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 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.”
You can see the original clip from CBS News below, which came to our attention via an Information Clearing House post on a couple foreclosing on Bank of America.