Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Monday, December 03, 2012
Homeowner, Attorney Who Showed Up At Bank Branch With Cops, Court Order & Repo Van To Foreclose On BofA Look To Make Incident Into Hollywood Movie
In Naples, Florida, the Naples Daily News reports:
Some friends questioned whether it was a good idea to show up at a Bank of America branch with a repo van, demanding that the bank pay up.
Yet rookie attorney Todd Allen still took the chance and it has paid off.
Allen made national news when he arrived at a Bank of America branch on Davis Boulevard in East Naples in June 2011 with Collier County sheriff's deputies, a moving company and a court writ permitting them to seize furniture and cash to satisfy the $2,500 judgment. It was a last alternative.
He left after the branch manager cut a check for the judgment and expenses incurred in executing the levy.
***
Bank of America tried to foreclose on Warren and Maureen Nyerges' Golden Gate Estates home in 2010. But their home had been fully paid for and didn't have a mortgage.
It was a mistake that was reported by the media. The story also was featured on the "Daily Show" on Comedy Central.
"Daily Show" correspondent John Oliver told the story of how Allen showed up with repo men to foreclose on a banking giant, making everyone laugh.
"That is the single, greatest story I have ever heard," Oliver said on the show.
Oliver told the trio that the case could turn into a movie. That's exactly what happened. A movie on the big screen is in the works, according to the attorney and couple.
Bank of America representatives couldn't be reached for comment for this story.
***
In summer 2011, Allen and the Nyergeses signed with a producer in Los Angeles and entered into a contract to make a movie. "The idea is being shopped around to movie houses but nothing has happened yet," Allen said.
Allen said he doesn't have a preference of which company decides to do the film as long as the scope of the foreclosure crisis and the impact it has on people is accurate.
When asked who he wants to play his part, the married father of three children said he really doesn't care. "I just want it to be funny," he said of the movie.
Warren Nyerges said he doesn't have a preference of which actor plays his role, as long as he is handsome. "It would make an amusing story," he said about the potential film.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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