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Saturday, June 04, 2011

Man Bites Dog and Couple "Forecloses" on Bank

Here's a classic role reversal story - a couple foreclosed on a bank! It started about five months ago when Bank of America attempted to foreclose on a Florida couple for non-payment of their mortgage.

The problem was, they'd paid cash for the house. So they went to court, and eventually won (they showed that they'd never had a mortgage with BOA).

The judge awarded them legal fees, but after five months, BOA somehow never got around to paying the judgement.

So, the couple's attorney got the sheriff, seized their assets and padlocked the bank branch building. The attorney gave instructions to remove assets like computers, desks, copiers, and any cash in the tellers' drawers. After about an hour of being locked out of the bank, the bank manager handed the attorney a check for the legal fees.

Talk about turnaround.

Read the article here.

update: It wasn't technically a "foreclosure" on the bank - it was actually a default judgment for unpaid legal fees and court costs. But close enough for the irony.

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