Bank Issues Statement About Home It Wrongfully Foreclosed Upon, Balks At Paying Up

[The Straight Story]

Bank Issues Statement About Home It Wrongfully Foreclosed Upon, Balks At Paying Up



WELLSTON, Ohio - A Jackson County bank is defending itself after a Consumer 10 report that it repossessed the wrong house.

Consumer 10 reported on July 22 that the First National Bank of Wellston wrongfully foreclosed upon a woman’s Vinton County home.

...

But the bank has balked at paying the $18,000 Barnett is asking for.

“(They) demanded that I had receipts for all my stuff that they threw away,” Barnett said. “And I said, ‘Well, you know first of all, I don’t have receipts for all of my stuff. I wasn’t expected a bank to come and to accidently repossess my house and throw it all away. And second, if I did, where do you think it would be? In my house with all my belongings?’”

She said that everything from clothes to patio furniture to pool supplies was disposed of.

“This is the basketball hoop. They actually gave it to one of our neighbors, and the neighbors ended up giving it back to us. That is the only thing we’ve gotten back.

The bank has tried, though, Barnett said.

The homeowner said that one of the most expensive items she lost was a Bowflex home gym.

“And then they called me saying they found a Bowflex on the side of the road if I wanted it. I said no. You know my Bowflex was a Bowflex Ultimate. We paid, like, $2,300 for it; had all the attachments and the feet pieces and stuff. You know I said ‘no, I want it replaced. I don’t’ want – you know – trash found on the side of the road,” Barnett said.

http://www.10tv.com/content/stories/2013/07/26/wellston-bank-issues-statement-about-home-it-wrongfully-foreclosed-upon-balks-at-paying-up.html

[dipsydoodle]

1. That case is simply appalling

[Ilsa]

2. We need to keep the pressure up on this bank.

I don't live in Ohio, so my Texas area code probably won't persuade them to do the right thing. But we can call them anyway:
First National Bank's contact info Wellstone branch:
877-684-2146

Keep it busy, run the tab. Block real business calls.

[Hoyt]

3. I bet attorneys will take this case, and win a nice settlement. Bank deserves what it gets.

I can sort of understand a mistake, but as soon as it was obvious, full restitution -- and then some -- should have been made.

[MannyGoldstein]

4. Holder will enter into a settlement covering all wrongly-reposessed houses

The wronged parties will each get a coupon entitling them to one free year of a checking account from the bank that #%^*ed them. ATM card will cost extra, of course.

To keep things equitable, the banks will get a $380 billion bailout.

[Hoyt]

5. I would not use Holder for this one.

[ms.smiler]

6. This is an example of why the foreclosure fight is everyone’s fight.

This is what is called a “trash out” and it happens more often than people realize. The banks hire contractors who are not licensed or insured. Those companies often employ individuals with criminal records. The intent is to clear the home of private property and criminals excel at such a task. To the best of my knowledge, valuable property is never recovered in these “trash outs.”

Once the police learn that a bank is involved in the theft, they claim it’s a civil matter and won’t file criminal charges. I recognize an opportunity for even more thieves in this scheme. A small group of men with a truck could empty a home and if confronted, simply show a printed business card and mock work order with a bank name on it and make off with the contents of someone’s home.

I’m delighted this homeowner has obtained counsel. She needs to file a lawsuit for actual and punitive damages which is 9 times the actual damages. The bank and contractor if possible, need to be held accountable.

This homeowner is not unlike the majority of Americans, reasonable, with the expectation that the bank would do right by her. She wasted 2 to 3 weeks before realizing that litigation was necessary. That’s actually the only way to deal with these companies that only do what’s profitable without regard for honorable action.

I’m an honest businessperson and my first instinct would have been to do right by this homeowner. Now those banksters likely face more than $180,000 in liability. They’ll pay for their own counsel plus the homeowners counsel on top of damages.

Idiots, but what can be expected from crooks, unable to earn an honest living like the rest of us.

I live in a very nice community with a small police force because we lack crime and they basically support themselves by issuing tickets to drivers that exceed the speed limit. After researching mortgage/foreclosure/securities fraud for over 4 years, I recognize it is much more likely that a bank or mortgage servicing company will send a contractor to “trash out” my home than it is for a burglar to break into my home.

I lock my windows and doors with banksters in mind, not burglars.