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.
Florida homeowners Maurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so when Bank of America filed foreclosure papers on the house, they took the bank to court, and won. And when Bank of America wouldn't pay their legal fees — as it was ordered to by the court — their attorney, Todd Allen, decided to seize its assets, in person, with movers and sheriff's deputies in tow.
Threatened by Allen's instructions to "remove desks, computers, copiers, filing cabinets and any cash in the teller's drawers," the bank paid up after about an hour, though one imagines the sight of the nervous bank manager was almost payment enough for a foreclosure defense attorney like Allen. ("[T]his is sweet justice," Allen says.)