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Homeowner forecloses on Bank of America.

this is a discussion within the Everything Else Community Forum; Homeowners Foreclose on Bank - Fox News Video - FoxNews.com The Obligatory “Homeowner Forecloses on Bank” Story « Hot Air While it probably doesn’t mean a great deal in the larger scope of things, this is one of those weekend ...

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Old 06-05-2011, 06:52 PM   #1
 
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Homeowner forecloses on Bank of America.

Homeowners Foreclose on Bank - Fox News Video - FoxNews.com

The Obligatory “Homeowner Forecloses on Bank” Story « Hot Air

While it probably doesn’t mean a great deal in the larger scope of things, this is one of those weekend stories which will doubtless be passed around for a while. A Florida couple was served with papers by Bank of America for defaulting on their mortgage, informing them that they were facing foreclosure. Nothing unusual so far, right?

One problem: the couple paid cash for their house and had never had a mortgage. They had all the documents to prove it, too. This didn’t seem to deter the bank, so they wound up in court, running up substantial legal bills to straighten out the obvious paperwork error. The judge in the case ordered the bank to reimburse them for their costs, but five months went by without Bank of America making good on the debt. So the couple’s attorney did what anyone would do in such a case. He informed the bank that they were facing foreclosure and showed up with the sheriff’s department to lock the doors, seize their property and take the cash out of the tellers’ drawers.

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Old 06-05-2011, 08:12 PM   #2
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With interest I hope!
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