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Tuesday, July 30, 2013

Bank forecloses on wrong house, changes locks, steals tons of stuff, won't compensate owner in full

It's The Economy Stupid
On Popehat, Ken details the astounding story of Katie Barnett, whose home was burglarized by agents of the First National Bank of Wellston, Ohio, who mistook her house for one that they were foreclosing upon. The bank broke into her house, changed the locks, and got rid of many of Barnett's possessions.
The local police refuse to get involved, and the bank's CEO, Anthony S. Thorne, is refusing to reimburse her in full for her possessions, which were stolen and destroyed by his company. Thorne says that because Barnett can't produce receipts for all of her goods (because who does that?) (and also, even if she had, they'd have been in her burglarized house), and because her recollection of her stuff doesn't match the "inventory" of the bungling bank employees who stole everything she owned, he will not pay her full compensation.

Katie Barnett has asked First National Bank of Wellston to pay her for the possessions it sole and disposed of. First National Bank of Wellston, through its CEO Anthony S. Thorne, claims that it isn't paying because Katie's reimbursement list doesn't match the records that its employees kept of what they took and disposed of. Those would be the same employees who tried to find a house using GPS, failed, burglarized the wrong house, and disposed of Katie's possessions, in case you were wondering. Mr. Thorne and First National Bank nonetheless regards them as very reliable record-keepers.
Mr. Thorne is also demanding receipts for Katie's things, and has told her the bank "isn't paying retail." Katie, like many people, doesn't keep receipts for everything, not anticipating that a bank will burglarize her house. Moreover, to the extent she does keep receipts, she keeps them in her house, because once again, she fails to anticipate that a bank will break into the house, take her receipts, throw them away, and then demand that she produce them. Katie also failed to anticipate that someone could burglarize your house and, when called upon to pay you so you can replace your things, sneer that replacements from a second-hand store are good enough for you.
The McArthur, Ohio police refuse to get involved. Would they get involved if Katie burglarized a house? Yes they would. Would they get involved if Katie ran off with someone's stuff and refused to repay? Yes they would. Will they get involved when a bank — a reliable crony of government — burglarizes a house and drags its feet on repaying the victim? No they will not.
Want To Burglarize A House With Impunity, Then Nickle-And-Dime The Restitution? It Helps To Be A Bank.

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