Homeowners Foreclose on Bank

Bank-of-AmericaThis is a couple years old, but I only just stumbled on it — and it’s a great story:

A couple in Naples, Fla., have “foreclosed” on a Bank of America branch after the bank managed to foreclose on their home – even though they never had a mortgage on it. According to reports in The Naples News, Time and elsewhere, Warren Nyerges and his wife paid $165,000 in cash to buy the house from the bank, and never borrowed against it. But last February, in an apparent case of mistaken home identity, the bank began foreclosure proceedings against them.

The couple hired a lawyer and the bank action was eventually abandoned, but the couple then went to court and got a judgment for about $2,500 in attorney’s fees. When the bank didn’t pay, their lawyer, Todd Allen, showed up at a local bank branch last week with sheriff’s deputies and a moving truck to begin cleaning out the building. (NYT)

A minor victory. But it lifts my spirits.

Katie Barnett (who had all of her belongings stolen by a bank while she was out of town) should get in touch with their lawyer.

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