Couple Forecloses On Bank

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  • CYF
    Coupon Guru
    • Mar 2009
    • 10973

    #1

    Couple Forecloses On Bank

    A Florida cop and his wife paid cash for a house. Bank of America foreclosed on it anyways, so the homeowners foreclosed on Bank of America

    http://news.yahoo.com/s/time/2011060...ullnationyahoo
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  • Juicy D. Links
    So Fucking Banned
    • Apr 2001
    • 122992

    #2
    Nice lololllllllllllllllll

    Comment

    • marketsmart
      HOMICIDAL TROLL KILLER
      • Dec 2004
      • 20419

      #3
      thats awesome...






      .

      Comment

      • dyna mo
        just a fucking jerk
        • Dec 2008
        • 68184

        #4
        it was the bank's fault, it was a rogue attorney.

        Comment

        • ~Ray
          visit hardlinks.org
          • Jun 2003
          • 18361

          #5
          good for them
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          • alias
            aliasx
            • Apr 2001
            • 19010

            #6
            Sweet, decent lawyer too especially for only $2,534 in fees.
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            Comment

            • L-Pink
              working on my tan
              • Mar 2005
              • 39151

              #7
              I would have loved to have been there.

              Comment

              • rowan
                Too lazy to set a custom title
                • Mar 2002
                • 17393

                #8
                That's an awesome outcome, definitely one to chuckle about now it's over, but I'm sure it was hell for the couple while it was happening.

                How are the bank even able to initiate foreclosure proceedings on a property they have no legal interest in? There must be something else to the story, some complication, like the seller not properly paying out and discharging their mortgage...

                Comment

                • Houdini
                  Confirmed User
                  • Dec 2001
                  • 1651

                  #9
                  Originally posted by rowan
                  That's an awesome outcome, definitely one to chuckle about now it's over, but I'm sure it was hell for the couple while it was happening.

                  How are the bank even able to initiate foreclosure proceedings on a property they have no legal interest in? There must be something else to the story, some complication, like the seller not properly paying out and discharging their mortgage...
                  The couple bought the house off the bank and it was never updated in their system as paid for. So, when no payments came in, it automated foreclosure proceedings.

                  Comment

                  • Phoenix
                    BACON BACON BACON
                    • Nov 2002
                    • 35475

                    #10
                    so awesome...but also wow what a sign when the bank can just ignore someone and try to take their shit
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                    • fuzebox
                      making it rain
                      • Oct 2003
                      • 22353

                      #11
                      Awesome article.

                      Comment

                      • Just Alex
                        Liv Benson to You, Bitch
                        • Aug 2007
                        • 6060

                        #12
                        Great storry.

                        Comment

                        • buzzard
                          Confirmed User
                          • Aug 2002
                          • 1276

                          #13
                          Yeah I loved it when I read it Scamming fucks; about time.
                          .

                          Comment

                          • adultzone
                            So Fucking Banned
                            • May 2010
                            • 1499

                            #14
                            haha good for them!!

                            Comment

                            • woj
                              <&(©¿©)&>
                              • Jul 2002
                              • 47882

                              #15
                              good stuff
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                              • DBS.US
                                Geo Cities
                                • Aug 2003
                                • 11843

                                #16
                                Never give up
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                                • JFK
                                  FUBAR the ORIGINATOR
                                  • Jan 2002
                                  • 67373

                                  #17
                                  Good for them

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                                  • punker barbie
                                    Meow Meow!!!
                                    • Nov 2003
                                    • 10232

                                    #18
                                    the real question is on a cops salary how does he come up with 165k cash?
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                                    • Dead
                                      They left the door open
                                      • Apr 2003
                                      • 4755

                                      #19
                                      Originally posted by punker barbie
                                      the real question is on a cops salary how does he come up with 165k cash?
                                      And here we have it! The story should just begin... dirty fucks they are

                                      Comment

                                      • Phoenix
                                        BACON BACON BACON
                                        • Nov 2002
                                        • 35475

                                        #20
                                        Originally posted by punker barbie
                                        the real question is on a cops salary how does he come up with 165k cash?
                                        i was thinking the same thing however, he might have sold another house that he had been paying off for years.
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                                        • 96ukssob
                                          So Fucking Banananananas
                                          • Mar 2003
                                          • 12991

                                          #21
                                          good for them for taking action against big corporate America
                                          Email: Clicky on Me

                                          Comment

                                          • glowlite
                                            Confirmed User
                                            • Dec 2005
                                            • 366

                                            #22
                                            Originally posted by punker barbie
                                            the real question is on a cops salary how does he come up with 165k cash?
                                            Some people know how to handle their finances. Not everyone is involved in adult entertainment.

                                            Comment

                                            • Rochard
                                              Jägermeister Test Pilot
                                              • Dec 2001
                                              • 75733

                                              #23
                                              Originally posted by rowan
                                              That's an awesome outcome, definitely one to chuckle about now it's over, but I'm sure it was hell for the couple while it was happening.

                                              How are the bank even able to initiate foreclosure proceedings on a property they have no legal interest in? There must be something else to the story, some complication, like the seller not properly paying out and discharging their mortgage...
                                              There really wasn't anything more - The people who owned the house before them had a mortgage with BOA, and BOA never got the info that they had sold. When BOA had no idea who this new family was, or that they were the legal owner.

                                              The banks don't give a crap. You are a number to them.
                                              Herschel Savage
                                              Brooklyn, NY

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                                              • Agent 488
                                                Registered User
                                                • Feb 2006
                                                • 22511

                                                #24
                                                cops have easy access to confiscated drugs - resell.

                                                Comment

                                                • NETbilling
                                                  Confirmed User
                                                  • Jan 2002
                                                  • 8598

                                                  #25
                                                  Great story


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                                                  • D Ghost
                                                    null
                                                    • May 2006
                                                    • 9820

                                                    #26
                                                    Yep it goes both ways. Nice.

                                                    Comment

                                                    • martinsc
                                                      Too lazy to set a custom title
                                                      • Jun 2005
                                                      • 27047

                                                      #27
                                                      great! awesome!
                                                      Make Money

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                                                      • ottopottomouse
                                                        She is ugly, bad luck.
                                                        • Jan 2010
                                                        • 13177

                                                        #28
                                                        Originally posted by punker barbie
                                                        the real question is on a cops salary how does he come up with 165k cash?
                                                        He was retired and there's no mention of what his wife used to do. It's not exactly a huge amount to have saved up although was probably just the cash from selling his previous house.
                                                        ↑ see post ↑
                                                        13101

                                                        Comment

                                                        • Spudstr
                                                          Confirmed User
                                                          • Jan 2003
                                                          • 2321

                                                          #29
                                                          Originally posted by punker barbie
                                                          the real question is on a cops salary how does he come up with 165k cash?
                                                          my friend who is a cop in Washington DC makes a base salary of 55k/year starting. However he racks in another 50-60k/year in overtime sitting in court. So like him knowing his expense is only his apartment and food which totals up to maybe? 1800/month on the good side. You can clearly see how he makes/saves money.
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                                                          • u-Bob
                                                            there's no $$$ in porn
                                                            • Jul 2005
                                                            • 33063

                                                            #30
                                                            ".... including cash in the drawers.."

                                                            Comment

                                                            • fatfoo
                                                              ICQ:649699063
                                                              • Mar 2003
                                                              • 27763

                                                              #31
                                                              That's amazing. It sounds like a rare thing to happen.
                                                              Send me an email: [email protected]

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                                                              • CYF
                                                                Coupon Guru
                                                                • Mar 2009
                                                                • 10973

                                                                #32
                                                                Originally posted by Spudstr
                                                                my friend who is a cop in Washington DC makes a base salary of 55k/year starting. However he racks in another 50-60k/year in overtime sitting in court. So like him knowing his expense is only his apartment and food which totals up to maybe? 1800/month on the good side. You can clearly see how he makes/saves money.
                                                                that makes sense, I too was wondering how a cop could pay cash for a house
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                                                                • tiger
                                                                  Confirmed User
                                                                  • Apr 2002
                                                                  • 6986

                                                                  #33
                                                                  Originally posted by Houdini
                                                                  The couple bought the house off the bank and it was never updated in their system as paid for. So, when no payments came in, it automated foreclosure proceedings.
                                                                  The couple paid cash and never had a mortgage with BofA.

                                                                  Anyway it was a good story right up until they let BofA out of the foreclosure when they produced a check at the very last minute. They should have taken the fucking property from them like they would have done to any homeowner that tried to present a check to the sheriff.
                                                                  Last edited by tiger; 06-07-2011, 09:57 PM.

                                                                  Comment

                                                                  • Houdini
                                                                    Confirmed User
                                                                    • Dec 2001
                                                                    • 1651

                                                                    #34
                                                                    Originally posted by tiger
                                                                    The couple paid cash and never had a mortgage with BofA.

                                                                    Anyway it was a good story right up until they let BofA out of the foreclosure when they produced a check at the very last minute. They should have taken the fucking property from them like they would have done to any homeowner that tried to present a check to the sheriff.
                                                                    I know they didn't have a mortgage. BofA owned the house though. The couple bought the home off BofA and it wasn't updated that it was paid for in full. BofA's system triggered a foreclosure because there was a bug in their software. A former BofA's programmer was on Reddit last week telling how it happened.

                                                                    http://www.reddit.com/r/IAmA/comment...nk_of_america/
                                                                    Last edited by Houdini; 06-07-2011, 11:04 PM.

                                                                    Comment

                                                                    • waltgator
                                                                      Confirmed User
                                                                      • May 2011
                                                                      • 1369

                                                                      #35
                                                                      i wish i was there at the bank when that went down! bofa sux!!


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                                                                      • Phoenix
                                                                        BACON BACON BACON
                                                                        • Nov 2002
                                                                        • 35475

                                                                        #36
                                                                        Originally posted by tiger
                                                                        The couple paid cash and never had a mortgage with BofA.

                                                                        Anyway it was a good story right up until they let BofA out of the foreclosure when they produced a check at the very last minute. They should have taken the fucking property from them like they would have done to any homeowner that tried to present a check to the sheriff.
                                                                        that would have been really sweet
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