Sweet, sweet justice: Florida homeowners foreclose on Bank of America – We Interrupt

Sweet, sweet justice: Florida homeowners foreclose on Bank of America – We Interrupt

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Apparently unable to convice the bank that it had made a mistake, the homeowners had to endure a year and a half of legal proceedings in order to get the matter resolved. A judge ruled that the bank had to pay the couple’s legal fees, but five months later the bank still hadn’t paid. Then the trucks showed up at the local Bank of America branch.

Well, it has happened in Florida and involves a North Carolina based bank. Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff’s deputies foreclose on the bank. It started five months ago when Bank of America filed foreclosure papers on the home of a couple, who didn’t owe a dime on their home.

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Foreclosure attorneys further point to the fact that in the event there is a deficiency between the sale price of the home and the underlying mortgage loan, such that the borrower owes additional.

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