Homeowner FORCLOSES on Evil Bank of America Branch!

This EVIL, EVIL Bank tried to foreclose on a couple that paid CASH for their house! WHATEVER you do do not put you money in this EVIL Bank! Use a local Credit Union or LOCAL Bank!

HAHAHAHAHAHAHAHAHA! LOL LOL LOL!


By TARA-NICHOLLE NELSON
In a modern-day evocation of David's slingshot
triumph over Goliath, a couple of foreclosed homeowners in Naples,
Florida reportedly foreclosed on a Bank of America branch last week,
their attorney actually having moving trucks pull up in front of a
Naples branch to execute a foreclosure judgment against the bank.
What must have seemed to observers like a scene out
of a parallel universe was actually the fair and logical conclusion
to a situation which, the court had ruled, had an unfair and illogical
start. In 2009, retired police officer Warren Nyerges and his wife,
Maureen Collier, paid $165,000 cash for their 2,700 square foot home in
the Golden Gate Estates subdivision, and never took a mortgage out on
it. So imagine their surprise when, in Februrary of 2010, Bank of
America initiated foreclosure proceedings against them. The Nyerges
hired an attorney, Todd Allen, to defend them against the wrongful
foreclosure, and the Bank eventually abandoned the matter.
But not before the Nyerges incurred $2,534 in
attorney's fees, which they requested informally from Bank of America
multiple times before resorting to the courts, which ordered the bank to
make the couple whole. When B of A still had not paid the judgment
after five months of phone calls and letter writing by Allen and the
Nyerges to the bank insisting that the court order be obeyed, Allen took
the next step in the legal collection process, obtaining an order of
foreclosure against the bank.
"They've ignored our calls, ignored our letters,
legally this is the next step to get my clients compensated," Allen
stated during an interview with CBS News.
Allen then reported to a local branch of the bank
with sheriff's deputies, who he instructed to remove cash from the
tellers' drawers, furniture, computers and other property. Approximately
one hour later, the Naples News reports, the bank manager produced a
check for $5,772.88 to satisfy Allen's fees and additional costs.
"We apologize to Mr. Nyerges that there was a delay
in receiving the funds," read the bank's written statement to the Naples
News. "The original request went to an outside attorney who is no
longer in business."
Some might say all's well that ends well in this
scenario, seeing as the Nyerges got their home, Allen got his fees and
the bank got its come-uppance. But there are deeper implications to
every one of these foreclosure foul-up horror stories we read about, and
even those we don't. The finger-pointing to outside attorneys seems
reminiscent of the banks' excuse for the robo-signing scandal that broke
last fall, and just as flimsy: the fact that a bank has lots of
foreclosures to process and hires an overworked, underqualified or
otherwise not-up-to-the-job professional to do it does not justify the
nonchalance with which documents and properties of such gravitas were
treated. The similarity didn't escape Allen, who told CBS News "this is a
symptom of a larger problem."
Further, these excuses also doesn't stand up to
snuff: I've pointed out before that in transactions with far less
monetary significance than foreclosure (and far greater frequency),
banks get it right, almost every single time. Just think: when was the
last time you got an extra $20 bill at the ATM? I've never yet met
someone who could remember such a time. Similarly, while one or even
several of the Nyerges' efforts to get B of A to pay the court judgment
might have gone to the defunct lawyer's office, the Nyerges say they
actually submitted their pleas directly to the bank, multiple times, to
no avail: "I talked to branch managers, I called anyone who would listen
to me," the couple told the Naples News. "And I wrote a certified
letter to the president (of the bank). No response, nothing."
And all these instances - from the robo-signing news
to the refusal to pay this judgment, may contribute to the depression of
home values, with just a few degrees of separation. A survey last year
found that the robo-signing scandal caused American adults to trust the
banks less. Not surprising, but perhaps this is: a study by professors
at Northwestern University and the University of Chicago recently found
that the vast majority of homeowners, even those with negative equity,
would rather keep their homes than strategically default on them.
However, "people who are angrier about the current economic situation
are more willing to express their willingness to default, as are people
who trust banks less."
To be fair, the Office of the Comptroller of the
Currency's sweeping investigation into the robo-signing scandal
concluded that only a small number of foreclosures actually took place
wrongfully, and that even those were only wrongful because of an
intervening law or event (like a bankruptcy filing by the homeowners),
not because the mortgage payments weren't actually delinquent.
But if ever there was a business argument for the
banks to get their procedures and processes together when it comes to
foreclosure and cleaning up the messes created by the few, truly
wrongful foreclosures which, like the Nyerges' case, will get widespread
notoriety and further tear down consumer trust in the banks, it might
be contained in these three simple statements. Less trust, more walk
aways. More walk aways, more foreclosures. More foreclosures, lower home
values. Enough said? We'll see.