Florida Couple Threatens to Foreclose on BofA Office

Posted on : 01-07-2011 | By : Matthew Strangways | In : Home Loan Vocabulary

Tags: Office

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A retired Florida attempted foreclosure on a Bank of America office by pulling a moving truck up to the bank’s building and threatening to take furniture and other items. Purposefully creating a scene at a strip mall in Naples, the couple hoped to acquire money owed to them after the banking giant wrongfully attempted to foreclose on their home.

Bank of America’s False Foreclosure

Maureen Collier and her retired police officer husband, Sgt. Warren Nyerges, found themselves in the predicament many Americans have experienced in recent years when Bank of America filed for foreclosure against them on Feb. 16, 2010. The only problem was this couple wasn’t like the millions who had fallen behind on payments and defaulted on their mortgage loans.

Instead, they had paid for their $165,000 home in cash in 2009–no mortgage attached. Yet, the bank, along with the David J. Stern law firm, were convinced the couple not only had taken out a mortgage loan, but were behind on payments.

After BofA foreclosed, the couple was forced to hire an attorney and fight the bank. They ultimately won the case, leaving the bank to pay $2,534 in attorney fees, court ordered. However, the branch failed to pay. This is when Collier and Nyerges decided to take matters into their own hands.

Couple Attempts Foreclosure on BofA

On Friday, June 3, the couple, their lawyer, a moving company and two sheriff’s deputies visited the bank with an ultimatum: Either pay the money owed to the couple or the equivalent amount in furniture would be taken and sold at public auction.

The bank attempted to negotiate for an hour. In the end, Bank of America decided to cut the couple a check for $5,772.88 in order to satisfy the original debt plus other fees related to the collection.

The couple noted in a story that they felt this step was necessary after the problems they’d encountered with the bank.

The bank, on the other hand, said the law firm it worked with was to blame for the delay in payment, stating that it was supposed to pay the couple but went out of business.