Yeah, score one for the little guy!
After several long years dog-eared by heartbreaking stories of loss and foreclosures, bankruptcies and evaporated savings and retirement funds, the bad news passed down from banks when they seize peoples' homes and properties has become all too familiar an overture in the bad economic times.
It used to be that foreclosure and bankruptcy seemed to have a general sense of a severe mismanagement of personal and/or professional funds in a person's life. Now in wider-spread harder economic times, it seems to have become more about struggles with banks and bureaucracies, the mortgages and the ruthless Man. So many of our own friends and families have their own tales of layoffs and losses now and the hardships feel more personal, the stories in the news easier to connect and empathize with, whether you know the people or families in question personally or not. We can all relate somehow.
So you can't help but feel a little vindication and triumph, a little satisfaction and “Yeah go get 'em, boy!” when the tables get turned.
A couple in southern Florida was notified by mega-bank Bank of America that their new home had gone into foreclosure. Problem was, they had paid cash for the house and had never owed Bank of America a cent, let alone an unpaid mortgage.
It's not a unique case of homes being wrongly foreclosed on. Unfortunately, even when it's a mistake or oversight on the part of the bank, the families still get embroiled in costly court cases to get it straightened out, as happened with the Florida couple. The judge ordered Bank of America to repay the homeowners for the legal fees they'd spent after having to go to court unnecessarily in the first place. But five months passed and the bank still hadn't paid up.
The couple's attorney said that the bank ignored their calls and letters, so he took the next legal step to get the compensation for his clients: he foreclosed on the bank and, along with sheriff's deputies and movers, he seized the bank's assets with instructions to take everything from copiers and computers to desks and filing cabinets....and any cash in the tellers' drawers.
Unsurprisingly, this got the bank's attention sufficiently enough to speed up the reimbursement process just a little bit. After bewildered employees arrived and had to spend about an hour standing outside on the front lawn, the branch manager miraculously must have been given the golden order from above to pay the debt owed to the couple and handed over a check for the fees.