This, Dear Reader, is our tax money at work, because Bank of America is one of the “too-big-to-fail” banks. It has received billions of dollars of bailout money and will continue to receive money whenever it needs it, no matter how stupidly, criminally or incompetently the bank is run.
How stupid, criminal and/or incompetent is Bank of America? Here’s the start of my interview with the attorney who successfully foreclosed on a B of A branch after the bank unsuccessfully tried to foreclose on his clients: The United States government may believe Bank of America is too big to fail, but a Naples, Florida attorney has proven it’s not too big to go into foreclosure.
“Attorney Todd Allen of the Law Office of Conrad Willkomm, P.A., has given the nation’s largest bank a taste of its own medicine, nearly two years after the bank tried to foreclose on a couple who had paid cash to buy their house from a seller that happened to be – wait for it – Bank of America.
“’It was almost too much to believe,’ Allen said of the story he was told by Warren and Maureen Nyerges, who went to Allen for help after Bank of America refused to follow a judge’s order to pay them for expenses they incurred defending themselves from the wrongful foreclosure. ‘They never had a mortgage on the house. I kept asking questions to make sure I was really understanding. It was clear this never should have happened.’”
To read more about how a Naples lawyer and his clients gave Bank of America its comeuppance for flouting a judge’s order after attempting to foreclosure on a couple who never had a mortgage, go here.