You read it right, a branch of the infamous Bank of America was foreclosed on in Collier County Florida.
I know this post runs contrary to the theme of the blog and has nothing to do with sports or football. However we have all heard the horror stories of Bank of America abusing home owners, foreclosing on people they should not have.
This week Brett Bair of Fox News did a special on banks wrongly foreclosing on people, telling customers to let their home get a few months behind to qualify for the home modification loan. Once patrons followed the advice on the home modification loans and made the new lower payments, Bank of America was denying the modification and was foreclosing on these home owners.
In Collier Count Florida the bank initiated foreclosure proceedings against the Nyergers. The problem was, the Nyergers paid cash for the house and still had to go through a court proceeding to prove Bank of America had no interest in the home what so ever since the Nyergers never had a mortgage.
The judge ordered all court costs be assigned to the Bank of America and that is where the banks arrogance came back to bite them. For 5 months after the matter was settled the bank refused to return phone calls and letters of demand. The Nyergers attorney foreclosed on the back and the video below shows.
There is 35 second commercial before the actual foreclosure video starts, it also stops a couple of time but enjoy seeing Bank of America get theirs.
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