Ohio bank repossesses woman's home by mistake
It also takes all the contents, and she's having a tough time getting the restitution she's seeking.
An Ohio bank mistakenly repossessed a house and emptied it of its contents. Even worse, homeowner Katie Barnett says the First National Bank in Wellston, Ohio, is copping an attitude with her about its blunder. According to 10TV in Columbus, the bank's president balked at Barnett's $18,000 estimate for her lost possessions.
"He got very firm with me and said, 'We're not paying you retail here, that's just the way it is,''' the TV station quotes her saying.
The bank apparently had meant to foreclose on the house across the street (pictured). A report in Gawker says the bank president, whose name wasn't not provided, is trying to come to terms with Barnett. The Police Department in McArthur, where Barnett lives, refused to investigate the matter, according to the gossip website. Neither the bank nor the Police Department could be reached for comment.
Sadly, Barnett's situation isn't as unique as people might think.
The same thing happened to Nilly Mauck of Las Vegas in 2010 and twice in 2012 to a retired California couple.
Last year, 49 states reached a $25 billion settlement with JPMorgan Chase (JPM), Morgan Stanley (MS), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Ally Financial to compensate borrowers victimized by abuses in the foreclosure process. As part of that settlement, the banks agreed to send $2,000 checks to 750,000 people who were wrongly foreclosed upon. Of course, that settlement will be of little use to Katie Barnett.
Jonathan Berr doesn't own shares of the listed stocks. Follow him on Twitter@jdberr.
and pray tell, WHY won't the bank pay the homeowner "retail" on the things they illegally took?? SHE IS SURE AS ---- GONNA HAVE TO PAY RETAIL TO REPLACE IT! idiots.
That's right, they're going to end up paying her damages.
I love the "we're not paying retail" comment. It's going to cost retail to replace the items and quite frankly, there should be some sort of payment for emotional damages and for compensation for the items that are not replaceable.
Really stupid on the bank's part because it will end up costing them more now. They should have paid her the $18,000 plus an extra $2,000 for good measure to make the mistake go away. Most likely lawyers are going to nail them now.
Ohio? Land of John Boehner and Gov. Kasich? Screwing over ar homeowner with a mortgage mistake and little or no legal recourse?
I'm shocked. Shocked!!
Well, not that shocked...
I am not sure how any law enforcement officer could walk away from that situation. The bank was wrong with or without a judges order,
Everyone in the string of deceptions should be prosecuted for criminal possession as they would surely do if the situation was reversed.
Ignorance is no excuse .......
First National Bank would have been money ahead just to pay off the upset homeowner.
Someone needs to investigate the police department for corruption. Here you have someone admitting to illegally entering & taking another persons belonging. It doesn't matter if at the time they thought they had the legal right (remember OJ Simpson in NV).
The contractor hired by the bank will be the one taking the fall. But if he can prove he was induced to do an illegal act with false documents, then the bank could be culpable. Given the size of the illegal taking, this would be a felony. Most states do not allow those convicted of felonies to engage in activities such as banking. 7-Eleven had a similar problem in Texas when the lottery started because the company had a felony conviction. It required a special law from the Texas Legislature to allow them to sell lottery tickets.
Where is the Federal govt on all of this?
Oh, thats right- CONgress is trying to figure out how to further water down
the Dodd - Frank Act ( an Act we would not like to see anyway) and
Obama is playing footsies with Jamie Dimon on some golf course.
Get ready for more news like this.
In order for the bank to foreclose on the wrong home a lot of the checks and balances in the system failed. There needs to be a complete review and if someone was negligent in their duties, a firing would seem in order.
As to compensation, the Bank needs to fire the President. Anyone in that type of position needs to understand when his organization is standing neck deep in quick sand. The idea is to get out, not thrash about.
I wish her well and all the luck in the world, she'll need it!!
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