Man bites dog? Homeowners foreclose on Bank of America!
The news is always bleak when they talk about the foreclosures. I have personally dealt with many homeowners in the months before the process began, hoping to keep them out of the actual foreclosure. Working with the bigger banks can be brutal. They come across so heartless and cold. This is truly poetic Justice! I'm so happy Susan shared this!
In what their attorney calls "sweet justice", a Florida couple turned the tables on Bank of America. The bank initiated foreclosure proceedings on them, even though they had paid cash for the home and had no loan!
The court ruled that the bank had no right to file foreclosure and ordered it to pay the legal fees and costs of the homeowners. After 5 months of collection efforts and unreturned calls, there was no attempt by Bank of America to pay the judgment, so the attorney for the homeowners got an order to seize the bank's assets.
They showed up with sheriff's deputies and moving vans, fully prepared to take desks, furniture, computers, cash in drawers, or whatever they could to satisfy the debt. The bank decided to pay up.
Sweet justice indeed!
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Susan Neal
Broker / Realtor
Century 21 Noel David Realty
Fair Oaks, CaliforniaFull time real estate services in Fair Oaks CA,
with friendly professionalism, 30+ years experience.
I work hard to give my buyer or seller a low-stress
transaction."Happy clients make me happy."
For all your real estate needs or questions, call me at (916)705-8951or visit my website at www.SusanNealFineProperties.com.
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