| Author | Message | ||
     Slaughter |
Guy wrongly foreclosed on, sues BofA and WINS - and forecloses on the BANK BRANCH when they refuse to pay his costs after Court order! Interview <click> | ||
| Malott442 |
Oh hell yeah! I'd turn the branch into a parts house, Or better yet, a property court attorney's office | ||
| Ulyranger |
Don't know how "little" this guy is. Seems to have enough scratch to buy a showcase house with cash and fund a major legal action out of pocket, but it is still a cool story. The major banks are crooked as a mountain stream. Also, isn't B of A the same bank that wrongfully foreclosed on a bunch of military families and are being sued for it? If so, hopefully this sets the stage...... | ||
| Slaughter |
B of A is really vulnerable to suits because they were one of the banks who wrongly foreclosed on a number of folks. YES, the guy is certainly not a "little guy" in the classic sense but trust me, he IS littler than Bank of America... and I'm cheering for him. | ||
| Fahren |
Chase was the one I heard about that wrongly foreclosed on about 100 servicemen and their families. SSDD, though. BoA, Chase, WF: synonymous. | ||
| Bigblock |
SWEET! | ||
| Pwnzor |
My very first experience with a giant bank was being screwed over... and it just so happened to be Bank of Amerika. At age 16, I opened a savings account with cash. I deposited cash into it about 6 or 7 times until I got a notice in the mail about a bad check supposedly being passed by ME. Big surprise, since I didn't even have a checking account, and had never withdrawn a single penny from the savings. They were never able to produce the check or any other evidence. Despite my efforts, that thing dogged me on Chex Systems for 7 years. I'd already had a credit union account, opened for me at age 7 by my dad. I still have that same account to this day, and even though it is based in California I still use them and the service is top notch. When I call and give my account number and last 4 of my social, they say "ohhhh hi Matthew! How is Georgia treating you?" It's personal friendly service like that which earns my loyalty. | ||
| Slaughter |
The latest banking scandals and financing scams foisted on us taxpayers should make us ALL look closely at Credit Unions (wouldn't have my money in ANY bank) | ||
| Saxon59 |
I saw on the news this afternoon that the guy showed up with a moving van and the local sheriff and demanded all of the cash on hand and the furnishings...they cut him a check!!! | ||
| Ezblast |
Right on! | ||
| Slaughter |
I have no sympathy for the banks who are victims of their stupidity, laziness and greed. | ||
| Xdigitalx |
I thought this thread was a joke about Congressman Anthony Weiner...lol... CRAP and I opened it ...  It's a fregin Comedian's goldmine.... | ||
| Steveford |
Wells Fargo blows, too. I'm one of the few who managed to successfully navigate that Making Homes Affordable deal and I had to get the State Attorney General's Office involved after I was kicked out of the program. You jump through the hoops with paperwork and a credit counseller and then have to make 3 payments on time. I made the first payment over the phone with a credit card. The second and third payments were done by overnighting checks (in their supplied envelopes) which they refused to accept. I nearly keeled over when they told me that I had been kicked out of the program for sending in a check. There is nothing that states payments must be made by credit card of money order. Wells Fargo told me to immediatly overnight two Money orders which I did. They refused to accept them, too! They threw me out of the program, everyone at Wells Fargo was nice as can be and said that I should not have been thrown out BUT no one could get me reinstated until a coworker recommended contacting the State Attorney General's Office. Once the State Attorney General's Office took on my case (thank God) things suddenly happened. I was reinstated. It was a nightmare but I persevered, kind of. I did stop the foreclosure process. I did get my mortgage payments reduced. However, they did slap me with 9 months worth of late fees (which is how long I was fighting with these crooks). I never did find out why someone decided that they would not accept a check (or money order) for the payments. | ||
| Sarodude |
I worked for the mortgage industry for a lotta years. I used to be a foreclosure rep from maybe 1989 to 1991. Sucky job - and not what you'd think either. I don't understand how you'd mistakenly foreclose on someone. Insane. A foreclosure is generally based on documents which bind a property to a loan. These docs are generally filed at the appropriate county recorder's offive. There could have been no such docs as there was no loan. Really nuts. I'd have shot for much more than my legal fees. -Saro | ||
| Whisperstealth |
Sounds like a good couple, that just wanted their house, and to be left alone. Guy sounds pretty damn reasonable, and probably should have gone after more. But I think he's happy, having made his point. | ||
| Sifo |
A foreclosure is generally based on documents which bind a property to a loan. There's some things that don't make sense about this story. I've got no love for BoA, but this just doesn't make much sense. He did say that he purchased the property from BoA. Something must have been messed up in filing the deed with the county. If the deed was in his name the bank could never foreclose on the property in the first place. As far as him "foreclosing" on BoA that makes no sense. How can you seize property that you have no claim to? If the court actually did this I think they are not acting within the law which is very troubling. Again, I'm making no apologies for BoA here, but you don't really want a society that starts to make up laws to suite the whims of those in power. That is part of the tyranny that we fought to get away from over 200 years ago. | ||
| Honolulu_blue_esq |
Sifo: The story is a little misleading. The guy wasn't actually foreclosed on. The Bank attempted to foreclose, but after the homeowner spent attorney's fees, realized it was a wrongful attempt and stopped. The homeowner then went after reimbursement for attorney's fees and won. The Court ordered the fees, but he Bank didn't pay. So, based on the order, the homeowner moved for a judgment against the bank, which can be turned into a judicial lien, which can be foreclosed on. Thus, the homeowner was eventually able to foreclose on some of the Bank's personal property (i.e. cash from the drawer) to meet his judgment - but not the actual real estate that was the bank branch. | ||
| Sifo |
The story is a little misleading. I totally agree. They even show video of a moving truck implying that they showed up and took out all the furniture. I have a feeling that this guy just didn't have the patience to deal with the speed at which a large corporation sometimes operates. He also may not have found out exactly who he should be contacting for this sort of thing further complicating matters. It's a bit hard to say exactly what went on based on this interview. It does concern me that there are those who think that actually seizing property would be a correct course of action. |
