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[Died By Bear]

http://www.digtriad.com/news/watercooler/article/178031/176/Florida-Homeowner-Forecloses-On-Bank-Of-America

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 a Florida home, the homeowner had sheriff's deputies foreclose on the bank.

It all started five months ago, when Bank of America filed foreclosure papers on the home of a couple, who didn't owe a dime on their home.

The couple said they paid cash for the house.

The homeowners went to court and were able to prove they didn't owe anything on the house. In fact, it was shown that the couple never even had a mortgage bill to pay.

A Collier County Judge agreed and after the hearing, Bank of America was ordered by the court to pay the legal fees of the homeowners', Maurenn Nyergers and her husband.

The Judge said the bank was wrongfully trying to foreclose on the Nyergers' house.

After more than 5 months, the bank still hadn't paid the legal fees, and the homeowner's attorney did exactly what the bank tried to do to the homeowners. He seized the bank's assets.

"They've ignored out calls, ignored out letters, legally this is the next step to get my clients compensated, " attorney Todd Allen told CBS.

Sheriff's deputies, movers, and the Nyergers' attorney went to the bank and foreclosed on it. The attorney gave instructions to to remove desks, computers, copiers, filing cabinets and any cash in the teller's drawers.

After about an hour of being locked out of his bank branch office, the bank manager handed the attorney a check from the bank for the legal fees.

"As a foreclosure defense attorney this is sweet justice" says Allen.

Allen says this is something that he sees often in court, banks making errors because they didn't investigate the foreclosure and it becomes a lengthy and expensive battle for the homeowner.

[Kuros]

Awesome

[Stout]

Double awesome. Now if only some people here would begin boycotting the chaebol...

[young_clinton]

Hopefully a beginning

[Radius]

I freakin LOVE IT!

[ajosshi]

Such a nice story! It made me all warm and fuzzy inside.

[Stout]

http://www.koreaherald.com/national/Detail.jsp?newsMLId=20110530000418

A former state auditor and aide to President Lee Myung-bak was arrested Monday on charges of taking bribes from a now-suspended savings bank that was seeking his influence to avoid punishment for extending illegal loans and other irregularities.

Eun Jin-soo, who resigned last week as a ranking member of the Board of Audit and Inspection (BAI), is accused of accepting 70 million won ($64,635) in cash and a diamond jewel worth about 30 million won from Busan Savings Bank. His brother is also suspected of taking 100 million won from the bank.


Eun, a former prosecutor who worked for Lee's presidential election camp in 2007, reportedly denied most of the charges against him during 14 hours of questioning from Sunday, saying he received part of the money as a legitimate reward for offering legal consulting.

Prosecutors said they are expanding the probe to see if the bank bribed other high-ranking government officials and political heavyweights to prevent itself from being ousted from the market.

Busan Savings Bank was found to have engaged in extending illegal loans to large shareholders and other financial irregularities involving billions of dollars in total. The bank has also been accused of tipping off its employees' relatives and VIP customers about its impending suspension in February so as to help them withdraw their deposits in advance.

Prosecutors obtained testimonies from a lobbyist for the savings bank that Eun received hundreds of millions of won in bribes. Investigators believe Eun tried to exercise his influence to help the bank avoid an investigation by financial regulators.

(Yonhap News)