Just like hundreds of thousands of other Americans, Warren and Maureen Nyerges suffered in the aftermath of the 2007-2009 U.S. subprime mortgage crisis. After the U.S. housing bubble burst in 2004, many families that were given huge mortgages that they could ill afford saw the prices of houses around them fall. Coupled with the US recession of 2000-2009, when incomes average incomes dropped and many people lost their jobs, many people stopped maying their mortgages and banks foreclosed on 4 million houses in the US from 2008-2012. When Warren and Maureen Nyerges received a notice from Bank of America that the bank was foreclosing on their house and seizing it, they became furious. They refused to let the bank take their house from them, no matter home much pressure the bank put on them. And there was just one problem in the bank’s case: The couple couldn’t possibly owe Bank of America any money, because they paid for their house in cash and never even had a mortgage. The couple went to court, sued the bank, and won. The judge ordered Bank of America to pay them $16 000 for legal fees, but the bank refused, even though it was at fault. So after five months having his calls go unanswered, Warren and Maureen’s lawyer took matters into his own hands…
The couple’s lawyer, Todd Allen, asked the police to march into the bank’s local branch and seize $16,000 in assets. They were prepared to take desks, computers, and cabinets, things that would pay the lawyer’s fees the bank was obliged to pay Warren and Maureen.
“Extreme, but necessary steps,” explained Todd Allen, who had had enough when the bank refused to answer the lawyer’s calls.
“Having two sheriff’s deputies sitting across your desk and a lawyer standing behind them demanding whatever assets are in the bank can be intimidating. But so is having your home foreclosed on when it wasn’t right,” said Allen.
Please share if you also think the lawyer did the right thing by giving the bank a taste of its own medicine!
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