Yes, you read the headline correctly. A Florida couple had sheriff's deputies foreclose on the bank when Bank of America did not pay the couples legal fees for a wrongful foreclosure.
Let's start from the beginning.
Five months ago Bank of America filed foreclosure papers on the home of a Florida couple who didn't owe a dime on their home. That's right, the home was completely paid for in cash and therefore the couple didn't even have a mortgage. The house was theirs free and clear.
When the case went to court the Nyergers, who are the homeowners, were able to prove that they indeed did not owe Bank of America anything on the house and in fact, they were able to prove that they never even had a mortgage bill to pay.
A Collier County Judge agreed with the couple and after the hearing BofA was ordered by the court to pay the Nyergers' legal fees. Furthermore, the Judge also stated that the bank wrongfully tried to foreclose on the Nyergers' home.
Now fast-forward more than 5 months after the judge's ruling and BofA still had not paid the legal fees. So, the homeowner's attorney did exactly what BofA tried to do to clients. He seized the bank's assets and foreclosed the bank. It was David versus Goliath.
The Nyergers attorney, Todd Allen said, "They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated."
Next, the Nyergers attorney had Sheriff's deputies and movers go to the bank and foreclosed on it. The attorney instructed them to take computers, desks, copiers, filing cabinets as well as any cash that was found in the teller's drawers.
After an hour of being locked out of the bank, the bank manager handed the Nyergers' attorney a check for the owed legal fees.
Afterward Todd Allen said, "As a foreclosure defense attorney this is sweet justice!"