Saturday, June 11, 2011

War Against BofA Bank Branches Continues As Court Threatens To Throw Local Manager In Jail Over Lender's Refusal To Demolish Vacant Foreclosure

In Riverdale, Georgia, The Atlanta Journal Constitution reports:
  • A Bank of America branch manager in Riverdale faces jail time if the banking giant continues to ignore city orders to demolish a vacant, fire-damaged home. The bank, however, says it can’t comply because it doesn’t own the home.
  • Riverdale city officials have tried for more than six months to get the bank to tear down the dilapidated property, and the bank has ignored requests to appear in court, city attorney Deana Johnson said. “We’ve cited and served them with legal process and they’ve not come,” Johnson said.

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  • On Wednesday, the bank hired the Atlanta law firm of McGuire Woods to handle the case. Meanwhile, the bank has racked up nearly $20,000 in fines, including a $500-a-day fine imposed several months ago.
  • A Riverdale City Court judge earlier this week ordered a June 28 hearing for the bank to show cause why the local branch manager should not be arrested for contempt, Johnson said, adding that the bank failed to appear in court in May despite city efforts to keep the branch manager apprised of the situation. [...] The house at 6878 Cedar Hill Court in Riverdale caught fire in December 2008, forcing the homeowners to move. The house ended up in foreclosure and was eventually taken over by Bank of America. (1)

For the story, see Vacant Riverdale home spurs court threats.

(1) Earlier this month, a branch manager in Naples, Florida was reportedly visibly shaken when local cops showed up to execute an asset seizure over the bank's failure to comply with a court order awarding a homeowner/couple payment of legal fees paid in connection with a failed BofA foreclosure action. See BofA's Refusal To Pay Court-Ordered Attorney Fees In Failed Foreclosure Leads To Bank Branch 'Raid' By Cops Seeking Asset Seizure To Satisfy Judgment.