You are reading the headline correctly. A Florida home owner was wrongly foreclosed on by Bank of America. After proving their error, a judge ordered BOA to pay his legal fees. They didn’t, so this homeowner has a Bank of America Branch, foreclosed.
Collier County, Florida — Have you heard the one about a homeowner foreclosing on a bank?
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.
[….]
So, how did it end with bank being foreclosed on? After more than 5 months of the judge’s ruling, the bank still hadn’t paid the legal fees, and the homeowner’s attorney did exactly what the bank tried to do to the homeowners. He seized the bank’s assets.
This is what happens when you ignore a ruling. Even a powerful entity like Bank of America, must obey the law.
Tags: Bank of America, Foreclosure, Real Estate
