Sweet Justice for Main Street: Homeow...

Sweet Justice for Main Street: Homeowner Forecloses on Bank of America

There are 16 comments on the www.huliq.com story from Jun 4, 2011, titled Sweet Justice for Main Street: Homeowner Forecloses on Bank of America. In it, www.huliq.com reports that:

Bank of America, one of the "too big to fail" financial institutions, has failed, and in several ways, in this story that seems sweet justice to those who blame Wall Street for the Great Recession: the bank was essentially foreclosed upon.

Join the discussion below, or Read more at www.huliq.com.

just candid

AOL

#1 Jun 4, 2011
Someone at the bank should go to jail. Bunch of crooks and robbers run many banks nowadays. I'm glad it worked out for the homeowner, but I think they should be reimbursed for all the worry and time spent because of it. One or two Million would not ne out of line.

“youbeateverythin g youknowthat ”

Since: Apr 07

Buffalo, NY

#2 Jun 4, 2011
They may be the worst company in America when it comes to customer service.
Charlie Fuune

Scottsdale, AZ

#3 Jun 4, 2011
iria! BofA, CA relocatEd to NC already! ;)
Deo Vindice

Sacramento, CA

#4 Jun 5, 2011
Could it be because they support illegal Mexicans and muslims and their behavior?

Since: Feb 07

Whitman,Ma

#5 Jun 5, 2011
If a party to fails to honor a levy then a judge can issue a "KEEPER" and the injured party can take over the business and run it until the levey is paid. I guess because there was Federal Money that could not be done here. So they could actually take the building instead. I worked on some of these KEEPERS in my time. We took over a fair and ran it until enough money came in to pay the creditors. We took over a beauty salon because the insurance compnay did not pay a claim. When you do what these people did, the lawyers always come up with a check pronto.

Since: Aug 09

Silver Spring, MD

#6 Jun 5, 2011
Deo Vindice wrote:
Could it be because they support illegal Mexicans and muslims and their behavior?
Only an unhinged racist, nativist, homophobic Birther would blame the housing bubble on these groups.

Don't you know it was all Barney Frank's fault [sic]?

“....VETS”

Since: Jan 08

WELCOME HOME

#7 Jun 5, 2011
some one isn't truthful here...

just to start a foreclosure you must...
Contact a Foreclosure Trustee to conduct a Trustee Sale. This is typically a title, escrow or foreclosure service company that is named in the Deed of Trust to conduct a foreclosure.

other words prove ownership and that is just the beginning

commonly called a title search

“....VETS”

Since: Jan 08

WELCOME HOME

#8 Jun 5, 2011
Wake up USA wrote:
If a party to fails to honor a levy then a judge can issue a "KEEPER" and the injured party can take over the business and run it until the levey is paid. I guess because there was Federal Money that could not be done here. So they could actually take the building instead. I worked on some of these KEEPERS in my time. We took over a fair and ran it until enough money came in to pay the creditors. We took over a beauty salon because the insurance compnay did not pay a claim. When you do what these people did, the lawyers always come up with a check pronto.
this isn't a levy , the bank consumer did not loan the bank money ... the only recourse for the supposed injured party here is a civil suit ... but but there is some missing info here because the bank using a title search company would have seen that there is a cleared deed in hand ... if that is the case

A levy is an unpaid debt and can take various forms: seizure of property to pay a judgment, a fine, or a tax.

A lien , is a right given to another by the owner of property to secure a debt, or one created by law in favor of certain creditors. A lien is an encumbrance

A Foreclosure, is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption

“....VETS”

Since: Jan 08

WELCOME HOME

#9 Jun 5, 2011
going back and reading the article , I must correct myself .... was thrown off by the Foreclosure... this is a suit filed by the couple
for the legal fees encumbered .. so yes the bank has to pay ... the foreclosure was the catalyst to the civil suit ... sorry

Since: Feb 07

Whitman,Ma

#10 Jun 5, 2011
tallyho wrote:
<quoted text>
this isn't a levy , the bank consumer did not loan the bank money ... the only recourse for the supposed injured party here is a civil suit ... but but there is some missing info here because the bank using a title search company would have seen that there is a cleared deed in hand ... if that is the case
A levy is an unpaid debt and can take various forms: seizure of property to pay a judgment, a fine, or a tax.
A lien , is a right given to another by the owner of property to secure a debt, or one created by law in favor of certain creditors. A lien is an encumbrance
A Foreclosure, is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption
The people could not fore close on a property that they did not hold a mortage. The Judge let them seize the property until the levy for the case was paid. If you do a keeper ona piece of property or business, you retaim control of that property until their is a settlement agreeable to the judge. You change locks and all of that goes with securing the property. In one of the keepers the judge allowed triple damages because of the lack of the insurance company to pay the claim against their client. Things can be different in different jurisdictions, but they do the same thing.

Since: Jun 09

Location hidden

#11 Jun 5, 2011
just candid wrote:
Someone at the bank should go to jail. Bunch of crooks and robbers run many banks nowadays. I'm glad it worked out for the homeowner, but I think they should be reimbursed for all the worry and time spent because of it. One or two Million would not ne out of line.
WHAT??!! Where's a bank gonna get that kinda money???!!

“....VETS”

Since: Jan 08

WELCOME HOME

#12 Jun 5, 2011
Wake up USA wrote:
<quoted text>The people could not fore close on a property that they did not hold a mortage. The Judge let them seize the property until the levy for the case was paid. If you do a keeper ona piece of property or business, you retaim control of that property until their is a settlement agreeable to the judge. You change locks and all of that goes with securing the property. In one of the keepers the judge allowed triple damages because of the lack of the insurance company to pay the claim against their client. Things can be different in different jurisdictions, but they do the same thing.
Some one who has a lien can ask the court to to allow the property to be sold (subject to bankruptcy property limitations)

you are talking apples and oranges and calling it fruit

Since: Feb 07

Whitman,Ma

#13 Jun 5, 2011
If there is noy enough money in the keeper, the judge can order the property sold. This is very far down the road. They mostly all paid up immediately except one which was a large amount and the judge wanted that money collected before releasing the owners since they had been very difficult to get them to pay. That was a Sunday and the judge arranged to have a bank open so the proceeds could be kept in the bank until Monday morning and brought to court.
Sarak McCan

Scottsdale, AZ

#14 Jun 5, 2011
tallyho wrote:
some one isn't truthful here...
just to start a foreclosure you must...
Contact a Foreclosure Trustee to conduct a Trustee Sale. This is typically a title, escrow or foreclosure service company that is named in the Deed of Trust to conduct a foreclosure.
other words prove ownership and that is just the beginning
commonly called a title search
wow- nice pic! ;)
Sarak McCan

Scottsdale, AZ

#15 Jun 5, 2011
Ferrerman wrote:
<quoted text>WHAT??!! Where's a bank gonna get that kinda money???!!
what is dis! azzzzzzzzzzzzzzzzzzzzzzooooooo ooooooo? ;-000

Since: Nov 09

Location hidden

#16 Jun 8, 2011
No comments!!!

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