A Blog by Jonathan Low

 

Jun 5, 2011

Turnabout is Fair Play: Florida Couple Forecloses on Bank of America Branch After Bank is Found To Have Wrongfully Foreclosed on Their Home

This article needs no additional commentary. Enjoy.



Kathianne Boniello reports in the New York Post (hat tip Yves Smith):
"This must have been very satisfying. A Florida couple turned the tables on a major bank that tried to falsely foreclose on their home -- and instead wound up foreclosing on the bank.

Warren and Maureen Nyerges' strange twist of fate occurred after Bank of
America accused them of defaulting on a mortgage for their single-story, 2,700-square-foot home. It turned out the Collier County couple had paid cash for the house and didn't have a mortgage.

After dismissing the bank's claim, a judge ordered bank to cough up $2,500 to cover the couple's attorney fees, but the check never came. So the Nyerges followed the bank's example and went into a local branch Friday with sheriff's deputies, a moving company and an OK from the court to seize the bank's assets.

"I'm either leaving the building with a whole bunch of furniture, or a check or cash or something," insisted the Nyerges' attorney, Todd Allen.

The branch manager eventually cut them a $5,772.88 check to cover the couple's costs.

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