Florida couple missed 66 mortgage payments; man's bank lawsuit rejected
A Florida couple, Gregory Brian Myers and Barbara Ann Kelly, engaged in a nearly 17-year legal battle with US Bank after missing 66 mortgage payments. Despite Myers agreeing to monthly deposits during appeals, a US federal appeals court recently rejected his lawsuit accusing the bank of breaking an agreement, upholding an earlier foreclosure decision.
Why it matters
This case highlights the complexities and lengthy nature of mortgage foreclosure disputes, demonstrating how legal challenges can prolong the process for years even after numerous missed payments, and the ultimate power of lenders in such situations.
A Florida couple who missed 66 monthly mortgage payments on their Naples property have been involved in a legal dispute with their bank for nearly 17 years. During the dispute, the husband, Gregory Brian Myers, agreed to deposit $5,000 every month while he and his wife challenged the bank's attempt to take possession of the property. Years later, Myers accused the bank of breaking that agreement. However, on Monday a US federal appeals court rejected his challenge and upheld an earlier decision dismissing his lawsuit.According to the court records available on Justia, the dispute began in 2009, when US Bank took legal action against Myers and his wife, Barbara Ann Kelly, over unpaid mortgage instalments. A Florida court eventually ruled in the bank's favour after finding that the couple had failed to make 66 monthly payments.
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