Posted on 10/09/2018 10:41:24 AM PDT by rickmichaels
The Royal Bank of Canada accidentally seized a Subaru WRX STI from a Vancouver man, despite the fact he’d never interacted with the bank before.
Tage Kendall had his 2006 Subaru Impreza repossessed even though the car was fully paid off and properly titled in his name, reports the CBC. He did not purchase the car with a loan from RBC, and hasn’t dealt with the bank before.
That’s why he thought it odd that, in June of 2018, he received a Facebook message from a collection company saying his car was about to be repossessed. He replied that they were mistaken, but in early July, the company repossessed his car anyway and told him it would be auctioned in 21 days.
“I was in utter disbelief and felt completely blindsided,” Kendall said.
The repossession company told Kendall the car was being taken because of a defaulted loan, which didn’t make any sense to Kendall, since, he told the CBC, “it’s paid for and it’s mine.”
It turns out he was named as a co-signer on the car by somebody who defaulted on a debt, and RBC hired the collection company to seize the vehicle. RBC refused to show Kendall any of the paperwork that allegedly had been signed.
The car was returned to Kendall on July 11th with a note from RBC stating they had no interest in it. RBC said in a statement to CBC News that “due to an error, a lien was registered to the incorrect vehicle. As soon as we became aware of this error, we worked with Mr. Kendall to have his car returned to him.”
Even though the car was returned, Kendall is taking legal action against the bank, seeking $35,000 to recoup the money he lost trying to get his car back. (Because he works remotely in the Yukon, he had to book time off and fly home to Vancouver to deal with the situation.)
The amount sought in the suit is also meant to cover reparations for the inappropriate way in which he was treated, for a car cover that was lost and for general damages.
I’ve read stories where banks (BankAmerica for one) have foreclosed or placed liens on houses where the owner owned it outright and never had dealt with the bank foreclosing on it.
If your 2006 is still in hawk, there’s a problem.....
This is absolutely horrible.
He is indeed justified in suing the bank.
I hope he collects. This is unexcusable.
One of those cases where I would hope he gets a real A-hole lawyer and a verdict that *HURTS* everybody even associated with the bank.
Stupid like this should be punished in the most draconian manner, enough to send chills of fear into even the largest corporation.
Back in the 60’s we lived on the same street as a defaulter, and with no notice my father’s car was repossessed. My Dad owned the car 100%, the re=possessors just came to the wrong house. Dad was without the car for a couple of days, while he phoned around, called the police, etc., until it was returned to him. They apologized but made no reparations for my Dad having to bus to work, etc. But honestly, my father never pursued it. In the 70’s we lent a car to one of my husbands no-goodnick relatives, and our car got repossessed from his driveway although it was our car...we got it back with no trouble and weren’t using it ayway, but repossessors seem to be able to do whatever they like.
Up until the mid 80’s or so, in Florida, you could put a lien on somebody’s house just by paying a fee and registering the debt at the county clerk’s office.
Then some political operatives figured out that they could put false debts on their opponent’s homes and use it in a campaign ad that their opponent was ‘deeply in debt’.
The law was soon repealed.....................
The car was never reposessed.
It was stolen, and the bank should be treated exactly like any other theif, including jail time for th principles who signed off on sending out the tow truck.
We had something similar like that happen here several years back.
A man in Missouri gets a loan from his credit union and buys a truck. Makes no payments on it. Hauls it to a wrecker company and has the truck placed in the lot with other wrecks around it so it cannot be towed or repossessed. By law, after thirty days the truck becomes the property of the lot owner.
Lot owner then tows the tuck into Arkansas where for $50 he can get a brand new title, and places it on a Used car lot where a man buys it, borrowing money from HIS credit union.
He returns home to find the truck gone, calls the cops who find the first credit union had located it and repossessed it. So the second owner is stuck with a credit union bill for a truck a Missouri credit union has confiscated.
The bank knows that it was wrong and is now in cover-up mode.
And the victim isn't even greedy. If they are smart, they'll write him the check and make it go away. His demand is less than the salary and benefits of the folks that screwed up at the bank.
Yeah, he’s not going after a jackpot either.
“The car was returned to Kendall on July 11th with a note from RBC stating they had no interest in it.”
RBC was my bank in canada....until I told them to F off. The 2 worst banks in my experience was Bank of Montreal and RBC.
Make the bank pay him an annual salary of 100 times his current salary. Then burn the bank down and sell all the employees to mussie slaver...or sumthin.
The life of a repo man is always intense.
Here’s one where the bank repo’d the wrong house:
https://www.wcpo.com/news/state/state-ohio/first-national-bank-repossess-wrong-mcarthur-ohio-house
In the US, if he was a debt cosigner, they could sue him for the money owed - but not take a different vehicle.
Sounds like a paperwork f***-up to me.
We learned during the 2008 crisis when a lot of banks couldn’t foreclose that they are VERY VERY SLOPPY in handling their paperwork.
“It turns out he was named as a co-signer on the car by somebody who defaulted on a debt”
Does that sentence make sense to anybody, especially in respect to the car being paid off?
It’s a paperwork f-up that rises to the level of grand theft auto and a raft of other criminal charges.
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