Here we go folks…
Are you ready for this?
If you happen to see a contractor walking around your house, taking pictures, don’t panic. It’s just your lender “inspecting” your property.
According to new rules announced by Fannie Mae this week, mortgage servicers will be required to “order” a “property inspection” no later than 45 days after a homeowner misses a mortgage payment. “The servicer must continue to obtain property inspections every 30 days thereafter” until the delinquency is resolved.
If the servicer determines that the property is abandoned “the servicer must perform an interior inspection upon confirmation of abandonment,” according to Fannie’s guidelines, which go into effect on Sept.1
Sounds pretty comforting, doesn’t it?
Well how about this…
The new policy is an extra effort to try to protect Fannie’s investment in these assets. But has Fannie heard of the widely reported stories of banks breaking into people’s homes to “inspect” and “secure” them, claiming the homes are vacant when they are not?
For example, there is the story Nancy Jacobini in Orlando. Late last year she called 911, desperately asking for help as a man tried to break into her house. After police arrived, she learned that the man was a contractor who wanted to “secure” her home on behalf of her lender, Chase. The inspector said he thought the house was vacant. A Chase spokeswoman has told me this was an isolated mistake and that they have apologized to Jacobini.
You all remember Nancy Jacobini right?
The woman who was not in foreclosure and had her home broken into TWICE.
Posted by Foreclosure Fraud on May 16, 2011
Now this is another absolutely inexcusable act. In my opinion, it is another example of Bankster intimidation. When the hell is it enough. We are in some very dangerous times folks… Anyway, you all remember Nancy, right? LINK – Out of Control!!! LISTEN TO THIS TERRIFYING 911 CALL of Thugs Hired by JPMorgan Chase Breaking … Read more
And then there is this…
Speaking of mistakes, you might want to know that some of these lender/servicer break-in cases that have been reported over the last two years involved homeowners who were current on their mortgages.
Too many to list on this one. But, here is the latest report…
Here is the real problem…
First, it’s important to understand how this works and the number of people involved in this process. Servicers don’t hire and train their own
Jack Booted Thugs inspectors. They hire a Jack Booted Thug property management company, which then hires more Jack Booted Thugs contractors to go out and do the “inspections.”
The question is how does the servicer’s
Jack Booted Thug determine whether a home is vacant before securing it? Do they peek through your window? Do they assume your home is vacant if you haven’t mowed your grass and happen to be on vacation?
A Fannie spokeswoman says the process involves various steps and it includes checking to see if utilities are on, if there are people in the house and if there is furniture in the property.
But how do you know if there is furniture in the property before you enter the house?
The spokeswoman declined further comment beyond what is explained in the guidelines.
Yea, how do they know if there is furniture (or people) in the property without creeping around and peeping in your windows while you are living in YOUR home?
Don’t give in and do not quit…~