Homeowner Foreclosures on Bank of America (Yes, You Heard That Right)

[Britney]

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 - you can see some video here - 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.

read the whole article by clicking here.

I love this. I tend to root for the underdog.

[HiHood]

it's about time those rats had to pay for some of the cheese they been stealing.

[Britney]

I got a kick out of the article, myself! Good for them!

[BCboy]

Best news I have read in a while.

I despise banks and try to use them as little as possible.