The Forecloser

  • Aired:  08/08/11
  •  | Views: 409,373

John Oliver meets with a Florida couple and rookie lawyer who foreclosed on Bank of America and turns their incredible story into a movie. (5:51)

( CHEERS AND APPLAUSE )

>> Jon: WELCOME BACK.

WELL, WITH ALL THE DISASTROUS

ECONOMIC NEWS, IT'S IMPORTANT

TO FOCUS ON THE UPLIFTING

STORIES FROM THE WORLD OF

FINANCE.

AND THERE'S ONLY ONE.

JOHN OLIVER FOUND IT AND FILED

THIS REPORT.

>> Reporter: IN THIS ECONOMY,

MANY PEOPLE ARE STRUGGLING TO

KEEP THEIR HOMES.

AND FOR THIS COUPLE OF NAPLES,

FLORIDA, RECEIVING A

FORECLOSURE NOTICE FROM BANK

OF AMERICA WAS THE LAST THING

THEY EXPECTED.

FOR ONE SIMPLE REASON.

>> WE HAD NO MORTGAGE.

WE PAID FOR IT IN CASH.

THE BANK DECIDED THEY WERE

GOING TO FORECLOSE ON US.

>> Reporter: YOU HAD NO

MORTGAGE WITH THEM BUT THEY

TRIED TO FORECLOSE ON YOU

ANYWAY.

>> YES.

THAT'S EXACTLY HOW IT WENT

DOWN.

>> Reporter: THEN WHAT

HAPPENED?

>> WE APPROACHED ABOUT 25

DIFFERENT LAWYERS AND NONE OF

THEM WANTED THE CASE.

>> Reporter: NO ONE WOULD TAKE

ON THIS DINOSAUR EXCEPT SUPER

LAWYER TODD ALLEN.

>> I'VE BEEN A LAWYER FOR

EIGHT MONTHS.

>> Reporter: WHAT?

>> YEAH, I'VE BEEN A LAWYER

FOR EIGHT MONTHS.

>> Reporter: EIGHT MONTHS?

>> CORRECT.

>> Reporter: AT SOME POINT DID

YOU NOT THINK, I'M TAKING ON

THE BIGGEST BANK IN AMERICA.

I MIGHT BE OUT OF MY MIND

HERE.

>> ABSOLUTELY.

BUT I WAS SO MAD AT THE WAY

THE BANK OF AMERICA HAD

TREATED THEM THAT I FELT LIKE

I HAD TO ACT.

>> Reporter: SO THEY BRAVELY

TOOK BANK OF AMERICA TO COURT.

>> THEY AWARDED US DAMAGES BUT

THE BANK WOULDN'T PAY THEM.

>> Reporter: THEY WOULDN'T

GIVE YOU THE MONEY THAT THE

COURT ORDERED THAT THEY PAY

YOU.

>> YOU GOT IT, JUST UNDER

$3,000 FOR OUR TIME AND

EFFORT.

>> Reporter: BUT WHAT COULD

TWO AVERAGE AMERICANS AND A

ROOKIE LAWYER DO AGAINST A

MASSIVE CORPORATION?

>> WE GOT THE SHERIFF AND A

MOVING COMPANY AND WENT DOWN

THERE TO START TAKING THEIR

STUFF.

YOU HEARD ME.

WE FORECLOSED ON BANK OF

AMERICA.

>> Reporter: HOLY (BEEP).

YES, IT'S INCREDIBLE.

THEY FORECLOSED ON THIS VERY

BRANCH.

I WANTED TO HEAR EVERY DETAIL.

>> I FOLLOWED THE SHERIFF'S

DEPARTMENT INTO THE BANK.

THEY WALKED IMMEDIATELY OVER

TO THE MANAGER AND HANDED HIM

THE WRIT OF EXECUTION.

>> Reporter: AWESOME.

>> SAYING WE'RE GOING TO TAKE

EVERYTHING THAT IS NOT BOLTED

DOWN.

>> Reporter: JUST SO GREAT.

THEY EVEN HAD ACTUAL REPO MEN.

WHEN YOU FIRST REALIZED YOU

WERE REPO-ING A BANK, HOW

QUICKLY DID YOU THINK, HOLY

(BEEP), THIS IS AWE IS MANY.

>> TWO SECONDS.

>> Reporter: WHAT WAS THE BANK

MANAGER'S FACE LIKE WHEN HE

REALIZED WHAT YOU WERE DOING?

>>.

>> HE WAS VISIBLY SHAKEN.

>> Reporter: WHAT DID YOU SAY

TO HIM?

>> YOU'VE BEEN FORECLOSED.

>> Reporter: I FEEL BAD FOR

HIM BUT (BEEP).

IS THIS THE ACTUAL BANK?

>> THAT'S IT.

>> Reporter: WOW.

THAT IS THE SINGLE GREATEST

STORY I'VE EVER HEARD.

>> THANK YOU.

>> Reporter: NO, THANK YOU.

IT'S RARE TO HAVE SUCH A

MOMENT OF PURE CATHARSIS.

THEY SHUT THIS (BEEP) BANK.

I HAD TO TELL THE WORLD.

GOOD NEWS, EVERYONE.

GATHER ROUND.

I AM HEAR TO TELL YOU A

WONDERFUL TALE.

THERE WAS A BRANCH OF BANK OF

AMERICA IN FLORIDA WHO TRIED

TO FORECLOSE ON A COUPLE WHO

DID NOT ACTUALLY HAVE A

MORTGAGE WITH THAT BANK.

SO THE NICE COUPLE TOOK THE

EVIL BANK MANAGER TO COURT.

DO YOU KNOW WHAT?

THEY WON!

>> WOW.

>> Reporter: THE JUDGE ORDERED

THE BANK TO PAY THE COUPLE'S

LEGAL FEES.

(SPEAKING SPANISH).

>> Reporter: BUT THEY DIDN'T

RECEIVE ANY OF THAT MONEY.

THIS COUPLE SHOWED UP TO THE

BANK WITH A REPO TRUCK, A

LAWYER AND A (BEEP) SHERIFF

AND FORECLOSED ON THEM.

THEY FORECLOSED ON A (BEEP)

BANK.

I KNOW.

IT'S THE GREATEST THING THAT

EVER HAPPENED.

THIS STORY WAS SO GREAT, IT

WAS ADDICTIVE.

TELL IT TO ME AGAIN.

AGAIN, AGAIN, AGAIN, AGAIN.

>> WE JUST WANT TO GET ON WITH

OUR LIVES.

>> Reporter: YOU CAN'T DO

THAT.

>> IT'S BEEN NICE BUT WE WANT

TO GET BACK TO OUR NORMAL

ROUTINE.

>> Reporter: JESUS DIDN'T SAY,

WELL, THAT WAS A GREAT STORY.

NOW I'M JUST GOING TO GET ON

WITH MY LIFE.

IT'S NOT UP TO YOU ANYMORE.

THIS STORY IS GETTING OUT

THERE.

IF THEY WEREN'T GOING TO

COOPERATE, I KNEW WHO WOULD.

YOU KNOW THIS IS A MOVIE,

RIGHT?

THIS IS A MOVIE.

>> I'D LIKE TO THINK SO.

>> IN A WORLD WHERE BANKS HOLD

THE MONEY AND REGULAR PEOPLE

ARE HELPLESS, ONE SCRAPPY

LAWYER IS FIGHTING BACK.

>> THAT'S IT.

THIS BANK HAS BEEN SHUT DOWN.

>> JOHN OLIVER IS TODD ALLEN.

>> YOU CAN'T DO THAT, TODD

ALLEN.

>> MARIA SHRIVER IS THE BANK

MANAGER.

>> YOU'VE BEEN FORECLOSED.

>> THANK YOU, FLORIDA STATE

LAWYER TODD ALLEN.

>> YOU'RE WELCOME.

VICTORIA'S SECRET MODEL.

>> THIS FALL....

>> I HATE AMERICA.

>> ...DEPOSIT THIS.

HEADS WILL ROLL.

THE FORECLOSER.

>> AIM A TOTAL (BEEP).

>> YES.

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