Borrower says bank tried to 'steal' his property
by Andrew Pavia
Nov 28, 2012 | 2445 views | 0 0 comments | 27 27 recommendations | email to a friend | print
A van sitting in front of Flushing Savings Bank covered in posters.
A van sitting in front of Flushing Savings Bank covered in posters.
Franklin Torres just wanted to pay his bills, but he claims that Flushing Savings Bank wouldn't let him.

Torres says the bank attempted to improperly foreclose on his property in Corona, and now the bank refuses to accept his payments. Torres, a property developer, said that he has had to fight the bank to keep it from selling the property on the open market.

In a statement by a group of consumers supporting Torres' claim wrote about the issue. The statement reads, “After winning a case in the Queens Supreme Court on August 8, 2012, Flushing Savings Bank refused to accept payments and instead of working with Torres in good faith continued to press with baseless legal maneuvers in an effort to improperly take Torres' property.”

On Tuesday, November 20, Torres stated his case in front of Flushing Savings Bank at 159-18 Northern Boulevard. Torres says that he won a case in Queens Supreme Court on August 8, but after that the bank refused to accept his payments.

He also claims the bank continued to press to try and take the property through legal maneuvers, and actually tried to sell the property.

“Flushing Savings Bank has tried to steal my property,” he said.

Leeann Tannuzzo, senior vice president of Retail Banking, refuted Torres' accusations.

“As a federally chartered savings bank, we comply with all regulations including equal credit opportunity act and fair lending practices,” said Torres. “Flushing Bank makes every effort available to establish work out plans to help borrowers avoid the foreclosure process and maintain ownership of their property.”

However, she would not discuss Torres' case specifically.

“Flushing bank does not publicly respond to comments regarding it's customers or their relationships,” she said.

According to Torres, the loan in question was taken out in June 2009, and he said he was current with payments until June of 2012. In July, he says he made a payment of $3,500, but received a phone call from his attorney who informed him that the bank was set to sell his property on July 20.

“That was a surprise for me,” Torres said, adding that the bank is holding over $100,000 in escrow that he fears he will also lose.

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