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'sweet justice' - house repo'd in error(not mine!), so customers repo the bank!
brightonman123
Posts: 8,535 Forumite
only in america..!
http://uk.finance.yahoo.com/news/-Sweet-justice-wronged-yahoofinanceuk-246365240.html
video link (from above item)-
http://link.brightcove.com/services/player/bcpid34830125001?bckey=AQ%7E%7E,AAAAB_xxr4E%7E,KlXoaM3qDg45myEW5EEZs3qW_eVNLS6g&bctid=975232488001
Back in 2009 Warren Nyerges — a retired policeman — and his wife Maureen Collier bought a house for $165,000 (£100,000) on the Golden Gates Estates development in Florida. But paid entirely in cash and so never took out a mortgage.
Sadly for them, the fact they had no debt on the property didn't stop the Bank of America initiating repossession proceedings against them in February 2010.
(OP note- I would hate to be a customer of that bank!)
Of course, never having a mortgage in the first place meant their lawyer — Todd Allen — won, and proceedings were dropped.
But this wasn't a cost-free exercise for the Nyerges, resulting in more than $2,500 (£1,500) of legal fees. These, they repeatedly requested the bank compensate them for.
The fallout
The couple went to the courts to get their compensation. The courts agreed, and told the bank to pay them their due.
After another five months without their money, despite phone calls and letters, they simply took the next logical step and got a foreclosure order against the bank.
"They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated," Allen told CBS News.
The lawyer and two policemen, along with a moving van, then reported to the bank to collect desks, chairs computers and anything else of value — even the cash from the tellers' draws — to compensate the wronged couple.
And if you want to see the tables turned — you can view TV news reports of the event here.
Local reports tell us that under this pressure from the law and the media, it only took about an hour for the bank manager to produce a cheque for $5,772.88 (£3,515.11) to cover the bills the couple had built up.
:eek::T:rotfl::rotfl::rotfl:
http://uk.finance.yahoo.com/news/-Sweet-justice-wronged-yahoofinanceuk-246365240.html
video link (from above item)-
http://link.brightcove.com/services/player/bcpid34830125001?bckey=AQ%7E%7E,AAAAB_xxr4E%7E,KlXoaM3qDg45myEW5EEZs3qW_eVNLS6g&bctid=975232488001
Back in 2009 Warren Nyerges — a retired policeman — and his wife Maureen Collier bought a house for $165,000 (£100,000) on the Golden Gates Estates development in Florida. But paid entirely in cash and so never took out a mortgage.
Sadly for them, the fact they had no debt on the property didn't stop the Bank of America initiating repossession proceedings against them in February 2010.
(OP note- I would hate to be a customer of that bank!)
Of course, never having a mortgage in the first place meant their lawyer — Todd Allen — won, and proceedings were dropped.
But this wasn't a cost-free exercise for the Nyerges, resulting in more than $2,500 (£1,500) of legal fees. These, they repeatedly requested the bank compensate them for.
The fallout
The couple went to the courts to get their compensation. The courts agreed, and told the bank to pay them their due.
After another five months without their money, despite phone calls and letters, they simply took the next logical step and got a foreclosure order against the bank.
"They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated," Allen told CBS News.
The lawyer and two policemen, along with a moving van, then reported to the bank to collect desks, chairs computers and anything else of value — even the cash from the tellers' draws — to compensate the wronged couple.
And if you want to see the tables turned — you can view TV news reports of the event here.
Local reports tell us that under this pressure from the law and the media, it only took about an hour for the bank manager to produce a cheque for $5,772.88 (£3,515.11) to cover the bills the couple had built up.
:eek::T:rotfl::rotfl::rotfl:
Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)
Sometimes seen lurking on the compers forum :-)
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Comments
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Awesome! I wish they could have sued them for a larger sum
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