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Now that is funny--homeowner forecloses on bank
06-04-2011, 03:08 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2008
Location: Small town outside of Seattle
Posts: 444
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Now that is funny--homeowner forecloses on bank
Bank of America Gets Pad Locked After Homeowner Forecloses On It | digtriad.com
Now I have to admit I laughed out loud when I read this article--the irony was just too much. I can just see that bank manager scrambling and making a few frantic phone calls up the ladder!
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"There is only one success: to be able to spend your life in your own way.” ~Christopher Morley
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06-04-2011, 04:13 PM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,199
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Justice doesn't get much sweeter than that.
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I thought growing old would take longer.
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06-04-2011, 04:21 PM
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#3
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Recycles dryer sheets
Join Date: Mar 2007
Location: Tampa/St Petersburg, FLA
Posts: 314
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Man bites dog.
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06-04-2011, 07:55 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
After about an hour of being locked out of the bank, the bank manager handed the attorney a check for the legal fees.
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I would have demanded a cashier check drawn on another bank . After all BAC's balance sheet has lots of dubious loans.
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06-04-2011, 10:56 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Not me, cash only. Oh, did that get picked up by the sheriff's guys, unlucky.
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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06-05-2011, 06:01 AM
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#6
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Administrator
Join Date: Apr 2006
Posts: 22,973
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Reminds me of an incident that happened here about 20 years ago. Some guy won a judgment against the railroad, but they wouldn't pay him. So he had the sheriff seize one of their locomotives while it was sitting in the local switchyard. They paid up pronto after that.
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Living an analog life in the Digital Age.
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06-05-2011, 08:45 AM
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#7
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Quote:
Originally Posted by clifp
I would have demanded a cashier check drawn on another bank . After all BAC's balance sheet has lots of dubious loans.
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Speaking of dubious loans, yesterday we got a four-page letter telling us that our BAC mortgage servicing is being transferred from "our subsidiary, BAC Home Loans Servicing, LP, to our parent company Bank of America, N.A.".
That's all they really had to say, but they went on for four pages of explanations of what this means.
In a first-class snail-mail letter.
They have my e-mail address.
I hope you BAC shareholders are getting better dividends these days. I feel as if I got the more profitable end of this deal...
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
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06-05-2011, 09:23 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Sweeeet!
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06-05-2011, 09:44 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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There should be some type of procedure that ensures a case has been researched thoroughly before foreclosure proceedings can begin.
This article gives me a warm fuzzy feeling inside
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Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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06-05-2011, 11:48 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,821
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Yes, I like it! As a business, this is their area of expertise and they should be held to a high standard. I hope the people got more than just lawyer's fees, they should be entitled to something for their time and aggravation.
Question for the Law Enforcement types on the forum:
I was a little surprised that the deputies seemed to go out whole hog on this (ready with the moving trucks and everything). It must seem odd to foreclose on a bank in this way? Is this a routine response for them, or were they also having some fun 'sticking it to the man'?
-ERD50
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06-05-2011, 12:31 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Wow, that was sweet revenge!
I wonder if the bank is now rethinking their policy or doing some retraining. Maybe something like "Responding to legal notices 101".
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06-05-2011, 06:01 PM
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#13
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Full time employment: Posting here.
Join Date: Apr 2011
Posts: 625
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Quote:
Originally Posted by Nords
Speaking of dubious loans, yesterday we got a four-page letter telling us that our BAC mortgage servicing is being transferred from "our subsidiary, BAC Home Loans Servicing, LP, to our parent company Bank of America, N.A.".
That's all they really had to say, but they went on for four pages of explanations of what this means.
In a first-class snail-mail letter.
They have my e-mail address.
I hope you BAC shareholders are getting better dividends these days. I feel as if I got the more profitable end of this deal...
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I got at same notice the othe day, but in an email.
It's possible that, though they have your email address, you have not selected to receive all communications electronically...
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06-05-2011, 06:30 PM
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#14
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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How companies were ranked - MSN Money
BAC made it on the bottom 10 list in a recent customer service rating. With no surprise, my "favorites", Comcast and ATT also made the list.
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06-05-2011, 07:32 PM
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#15
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Full time employment: Posting here.
Join Date: Jun 2007
Posts: 567
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Quote:
Originally Posted by KingB
BAC made it on the bottom 10 list in a recent customer service rating. With no surprise, my "favorites", Comcast and ATT also made the list.
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I'm switching from Comcast to ATT for tv+internet. I've also decided to start hitting my shin with a hammer and stop hitting my arm.
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06-05-2011, 10:40 PM
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#16
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Recycles dryer sheets
Join Date: Mar 2011
Location: Kirkland
Posts: 139
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So, moving from Iowa to Seattle we switched from Mediacom to Comcast.
I understand the hate toward Comcast, but it doesn't really compare. Mediacom is the same price, slower service, more outages, and worse customer service, and everyone from Iowa hates them.
So right now, we're happier with Comcast
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Aiming to retire at or before 2031 at age 45.
Status: Saving. Started in Oct 2011, I am ~9 months ahead of where I expected to be and about ~3 months ahead of my desired schedule.
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