Home Owners Foreclose on Bank. Just Desserts.

Florida Home Owners Foreclose on Bank of America

These homeowners gotten taken to court by Bank of Fail trying to foreclose on their home. The big catch they paid for the house in cash and never even had a mortgage. The court ordered the bank to pay for all legal fees. After 5 months of non-payment the sheriff pad locked the bank while it was cleared out and money removed from the tills. The bank remained locked until the bank owner payed up what he owed. Holy sweet justice. Now lets keep doing this.

Yeah, Drunkscriblerian has his mortgage through Bank of America, and we've had nothing but problems with them. I'm certainly happy to see them starting to take hits for screwing people over.

Florida is the new Soviet Russia?

They do deserve this, just for trying to pull a scam like that. Hopefully other people will get the lesson.

edited 5th Jun '11 3:14:21 PM by TotemicHero

I'm just sad that it got cleared up the same day. I would have said "No, I'm not going to take your check, I'm seizing this property because it's too late for that" .

Actually, I'd sad that they didn't seize the Bank of America headquarters.

God, I love this state! What magnificent turn of the tables.

This is hilarious. Only in Florida.

Oh that is priceless! Real life Crowning Moment of Awesome right there.

Within an hour, they got a check for the legal fees?

Why didn't the attorney inform them that the check couldn't be cashed? What with the bank being closed, having no money in it, and all that(not to mention the likelihood of a lack of interest (obviously it's 26.7% APR) being paid)... I mean, this bank could have been the property of the homeowners for 6 or 7 months (and theirs to sell to another company) before a judge could "fix" it.

Now that would be true justice.

Might have been a cashier's check, or other certified funds.

Or drawn off the banks' main deposits, not the local branch.

My point was that getting paid their money has not stopped a bank from foreclosing and selling off a property(Especially when the money has been paid after the foreclosure). Why should it stop the homeowners who foreclosed on a bank?

They apparently have souls.

Just goes to show you, then, that people without souls get farther ahead in life...

psychopaths do extremely well in the business world.

They should have immediately sold the property and told the bank that they're no longer accepting payment, since they're getting a better deal out of seizing their building.

That would have been justice. A shame that they chose to play fair in the end.

And the funny thing is, Bank of America was a bailout recipient. You thought the bailouts would prevent this kind of bullshit? Hell naw!

In regards to the folks in Florida, good on them. Horrible business practices deserve humiliating punishment like that from the customers.

Its only "communism" when it hurts them.

otherwise its "justice"

People are idiots like that.

edited 6th Jun '11 10:58:18 AM by Midgetsnowman

As an English property lawyer, this makes me wonder - does Florida not have any kind of system of registration of title to land? In England and Wales, any dispute over whether a house is mortgaged or not would be resolved in five minutes by checking with the Land Registry to see whether the mortgage had been registered on the title.

If it had been, the bank would probably have got a court order to re-possess and sell it; if not, they would have been pretty much unable to enforce it against the property until it was registered, although it would still have been a binding contract as far as the borrowers were concerned.

I would say they did check it, it's why the homeowners got a legal judgment in their favor.

Exactly what error or mistake did cause it to go that far, I don't think I've seen mentioned.

Bank of Fail is pretty crooked and often overlooks things to profit.

Juicy, just what these parasitic entities deserve.

@OP: I'm of a mind to find that sheriff, that couple and take them all out for drinks. As someone who's felt the Bank of Embarrassment's "tender mercies", this warms my heart.

I like the sheriff who locked it up. I wonder if he was quietly chuckling because he was doing it to a bank instead of a home owner.

There was a sheriff somewhere who refused to process mortgage papers because the banks were so negligent on the paperwork he decided they weren't fulfilling their legal obligations.

That man deserves a medal.