Schadenfreude: Foreclosing on the Foreclosers - Biting Bank of America in the Assets

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  • Posted on: 4 June 2011
  • By: GreyHawk

For anyone wondering what a good example of schadenfreude may be: this is. From the Daily Kos diary by Unit Zero, which first brought the story to my attention:

Warren and Maureen Nyerges purchased a house from Bank of America for cash, never getting nor needing a Mortgage. BoA in its infinite wisdom screwed up and issued a foreclosure through their attorney. The Nyerges fought and sued the bank, finally winning a judgment after a year and a half of legal wrangling. The Collier County Judge ordered the bank to pay the Nyerges legal fees of $2,534 for the "error". Five months later the bank had still not paid the judgment, so the Nyerges had their attorney do what the bank would have done, seize their assets.

This is one of the few times that one might interchange the term "schadenfreude" with "justice."

 

Bank of America, one of the crown princes of the Thieves Guild, has a habit of foreclosing on the wrong properties.