View Full Version : Tables Turn: Deputies and movers show up at bank to seize property for homeowner
Awesome!
"I instructed the deputy to go in and take desks, computers, copiers, filing cabinets, including cash in the drawers," Attorney Todd Allen told WINK News.
http://www.winknews.com/Local-Florida/2011-06-03/Tables-Turn-Deputies-and-movers-show-up-at-bank-to-seize-property-for-homeowner-
Belmont31R
06-04-11, 19:43
Equal protection under the law should mean things work both ways. So glad to see this type of stuff. :D
Hooray for the good guys!
BoA can hug a big ole root as far as I'm concerned.
VooDoo6Actual
06-04-11, 20:32
OUTSTANDING !
Moose-Knuckle
06-04-11, 21:56
It's a start, now we need to go after Goldman Sachs and the rest of the greedy bastards in their glass towers.
This has warmed the cockles of my heart.
Wish they took the guys desk and chair :)
FromMyColdDeadHand
06-05-11, 00:48
Hope that they make it into a made for TV movie.
Can you imagine being the bank manager and having to call the district manager. Or be the guy who held up the payment and now has to answer to the BoA upper management.
If I were the lawyer, I'd quit now. How could it get any better?
Ridge_Runner_5
06-05-11, 02:22
Wonderful, but at that point I would have pushed for interest and late fees, as well...
Suwannee Tim
06-05-11, 08:27
A similar thing happened to my buddy. He sold a car for five thousand cash and deposited the cash in Barnett Bank of Florida. A couple of weeks later he is looking at his statement and sees a fifteen hundred "correction". It seems the teller came up fifteen hundred short and it couldn't have been her fault and it couldn't have been the bank's fault so it must have been the fault of the person who made the largest cash deposit she took that day. He spent ten months trying to get his money and after one broken promise after another the Florida bank regulator (who was a sworn gun toting LEO) who had been helping Keith asked him to meet at the main branch in downtown Jacksonville early one Friday afternoon. I went along for grins. The bank cop demanded to see the President of the bank and we were immediately taken to his eminence. The cop placed his briefcase on the President's desk, opened it and took out a lock and chain which he said he was going to apply to the front door in five minutes. It didn't take that long to get a check for fifteen hundred.:D It probably helped my buddy that his late uncle, a police officer murdered in the line of duty had been a buddy of the bank cop.
Suwannee Tim
06-05-11, 09:21
My former employer won a $50K lawsuit against UPS who declined to pay. As a former UPS employee I advised they seize tractors which are conveniently mobile. I also advised that UPS tractors were heavily used, high mileage and not worth a lot of money. The judge took this into account and wrote an order for the seizure of five tractors. When we arrived at UPS I noticed five brand-damn-new tractors parked outside the diesel shop. "We'll take these five!" We made the bastards buy them back on the steps of the Courthouse.:D
Suwannee Tim
06-05-11, 09:27
Another buddy had his car damaged at the quick lube place. He sued and won. The defendant told the judge he wouldn't pay. The judge asked if he was married. "Yes." The judge asked if she had access to the bank account. "Yes." "Good, then she can get a check for the plaintiff. Bailiff, take this man to jail, I'm ordering him held pending payment.":D
Of course the guy who shot me was judgement proof.:sad:
It is nice to see the little guy win once in a while.
These are some pretty crazy stories! Like usmcvet said,"its nice to see the little guy win". These are inspiring stories
I'm not sure why property is being seized when there is, I would assume, a lot of cash on hand at a bank.
That is KARMA on so many levels.......:jester:
I would have told him to keep the check and taken what was in the vault. :D
variablebinary
06-05-11, 16:11
While this is a victory for the little guy, what I would have liked to have seen happen is they roll up on this guy's house, and start taking his personal shit. Pull him over and repo his Lexus/BMW/Merc/Infiniti on the spot.
Hold people accountable. Really accountable.
http://upload.wikimedia.org/wikipedia/commons/thumb/a/ac/Brian_Moynihan.jpg/220px-Brian_Moynihan.jpgBrian Thomas Moynihan
President and CEO of Bank of America
Salary: $800,000.00 (salary in 2009), $6,511,468.00 (total)
Bet your ass if you take his stuff, there wont be anymore mistakes in the future.
I am wondering why they gave the bank manager an hour to figure this out. They should have given him 5 minutes and then started hauling stuff away.
If the bank were trying to repossess my car (not that I am behind) I am sure they would not give me a hour when they showed up to take it.
I only wish they'd evict all the legitimate foreclosures like they should have started doing 3 years ago. If they'd kick those deadbeats out who were stupid enough to buy a $300k home while having a household income of $30k and force them to become renters (like they should have been in the first place) then many foreclosures would become rental properties and that would correct the housing market in a few short years by eliminating many housing surpluses.
But by letting them live in that $300k home "rent free" for 3-5 years you are only rewarding the deadbeats and continuing the problem. And of course those of us foolish enough to have paid our mortgage for the last 15 years suffer with lowered property values and vacant, unmaintained properties in our neighborhood.
BOA is the debil. Why they're still in business I'll never understand. :(
LowSpeed_HighDrag
06-05-11, 21:30
BOA is the debil. Why they're still in business I'll never understand. :(
Too damn true.
Awesome!
http://www.winknews.com/Local-Florida/2011-06-03/Tables-Turn-Deputies-and-movers-show-up-at-bank-to-seize-property-for-homeowner-
Talk about your feel good news pieces!
ThirdWatcher
06-05-11, 21:48
But by letting them live in that $300k home "rent free" for 3-5 years you are only rewarding the deadbeats and continuing the problem. And of course those of us foolish enough to have paid our mortgage for the last 15 years suffer with lowered property values and vacant, unmaintained properties in our neighborhood.
IMO, this is in effect just more socialism.
Suwannee Tim
06-20-11, 13:26
BOA is the debil. Why they're still in business I'll never understand. :(
It's easy to understand glock, it's called Too Big To Fail. And, thanks to Dodd–Frank Wall Street Reform and Consumer Protection Act (http://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act), all banks will face powerful incentives to become TBTF by either taking over or being taken over. Under this wonderful new system of "Consumer Protection", the bankers or Wall Street gambles and wins, they reap the gains, if they loose, we pay. Ain't it great?:D
FromMyColdDeadHand
06-21-11, 07:55
It's easy to understand glock, it's called Too Big To Fail. And, thanks to Dodd–Frank Wall Street Reform and Consumer Protection Act (http://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act), all banks will face powerful incentives to become TBTF by either taking over or being taken over. Under this wonderful new system of "Consumer Protection", the bankers or Wall Street gambles and wins, they reap the gains, if they loose, we pay. Ain't it great?:D
I was talking with someone that is well versed in securities laws, and he said the problem with the GFC is that there are no simple cases, or much of a case to prosecute anyone with. If you actually go back thru all the disclosure docs and due diligence, all the risks were laid out. He said that it hard to win cases when the facts are clear and the story is linear (to an expert, but not a a jury) but when you start dealing with the funky products and then derivatives of those products, the prosecution case is not so dependant on "too big to fail" but "to complex to understand". They guy I was talking to mirrored pretty much everything that was in HBOs "Too Big to Fail" eventhough he had not seen it.
My thought has been that whenever you get a situation like this, you need to whack the top 20% of the employees of the companies. That seemed a little too French Revolution to the guy I was talking to and may take out people not involved, but you can bet for at least two generations people will stand up and fight when the idiot in the next cube comes up with the next CDO idea. Someone has to dig ditches and they have just eminently proven that they are not the smartest guys in the room.
I was talking with someone that is well versed in securities laws, and he said the problem with the GFC is that there are no simple cases, or much of a case to prosecute anyone with. If you actually go back thru all the disclosure docs and due diligence, all the risks were laid out. He said that it hard to win cases when the facts are clear and the story is linear (to an expert, but not a a jury) but when you start dealing with the funky products and then derivatives of those products, the prosecution case is not so dependant on "too big to fail" but "to complex to understand". They guy I was talking to mirrored pretty much everything that was in HBOs "Too Big to Fail" eventhough he had not seen it.
My thought has been that whenever you get a situation like this, you need to whack the top 20% of the employees of the companies. That seemed a little too French Revolution to the guy I was talking to and may take out people not involved, but you can bet for at least two generations people will stand up and fight when the idiot in the next cube comes up with the next CDO idea. Someone has to dig ditches and they have just eminently proven that they are not the smartest guys in the room.
First, my disclaimer: My wife works for BOA (not in mortgage or securities) and we live in Charlotte which is the epicenter of mortgage defaults.
The VAST majority of people being foreclosed on are douche bags. They took loans that they knew they could not afford. Collectively, these entitled pricks have caused a mountain of pain for the rest of us who live within our means. Granted, the banks made some bad decision in making the loans, but BOA's involvement in this mess is not as bad as many other banks (most of their bad notes came from the Countrywide acquisition). With rare exception like the OP, the Banks are not the villain and the "little guy" is not a vicim. I'm glad these people got their money. I'm sorry that BOA's lumbering bureaucracy could not get it done in a timely manner without the involvement of the courts and authorities. It really pains me the these situations take the heat off irresponsible homeowners and feed the stereotype that the banks somehow are the root of the problem.
Suwannee Tim
06-21-11, 17:20
.....It really pains me..... the stereotype that the banks somehow are the root of the problem.
Indeed.
The recent financial crisis is the fault, not of the banks but of the United States Government, particularly, Fannie Mae which pushed hundreds of billions of dollars in weak mortgages into the market and Congress which abdicated it's oversight responsibility. Guess who warned of the looming crisis. George Bush the younger and John McCain, months and years before the fact. The seeds of the problem are the Community Reinvestment Act of 1977 and the Clinton administration which forced banks to lend to unqualified buyers. This is liberalism in full flower.
First, my disclaimer: My wife works for BOA (not in mortgage or securities) and we live in Charlotte which is the epicenter of mortgage defaults.
The VAST majority of people being foreclosed on are douche bags. They took loans that they knew they could not afford. Collectively, these entitled pricks have caused a mountain of pain for the rest of us who live within our means. Granted, the banks made some bad decision in making the loans, but BOA's involvement in this mess is not as bad as many other banks (most of their bad notes came from the Countrywide acquisition). With rare exception like the OP, the Banks are not the villain and the "little guy" is not a vicim. I'm glad these people got their money. I'm sorry that BOA's lumbering bureaucracy could not get it done in a timely manner without the involvement of the courts and authorities. It really pains me the these situations take the heat off irresponsible homeowners and feed the stereotype that the banks somehow are the root of the problem.
The problem with BOA, is that it is a soulless, unresponsive dinosaur, whose processes are so labyrinthine as to be impossible to navigate.
As far as I'm concerned, they, and everyone who works for them can eat shit and die.
I am a responsible homeowner and I tire of the endless ****ing bullshit that BOA has brought to my life, unbidden.
The problem, as I see it, is that BOA has built a system where noone is ever responsible for anything, and therefore the chances of anything getting done in the customers' favor is nonexistent.
Not to sound like a hippy or anything, but I'm glad that most of my banking is through local credit unions.
Suwannee Tim
06-22-11, 18:52
The biggest problem with banks is they are too large. So what does the United States Congress do? Set before them a huge, shining, irresistible incentive to get larger.
The problem with BOA, is that it is a soulless, unresponsive dinosaur, whose processes are so labyrinthine as to be impossible to navigate.
As far as I'm concerned, they, and everyone who works for them can eat shit and die.
I am a responsible homeowner and I tire of the endless ****ing bullshit that BOA has brought to my life, unbidden.
The problem, as I see it, is that BOA has built a system where noone is ever responsible for anything, and therefore the chances of anything getting done in the customers' favor is nonexistent.
I won't take your comments too personally even though my wife works for BOA. Without having more specific insight into your situation, I guess that I will just have to thank you for contributing to my kid's college fund;)
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