Foreclosed & Ransacked
As part of the foreclosure process, banks rely on contractors to assess what are supposed to be vacant properties. Often this means break-ins of occupied homes. Is this fair practice or just a necessary evil of foreclosures?
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Foreclosed, Ransacked & Trashed Out: Bank Breakins – A Terrifying Part of The Foreclosure Process
Exit the system – not using them (if we all united) will effectively kill them. Do NOT feed the beast.
Please watch this it is very important!!
Who is to stop them? The banks were given the right to enter your property to “ensure” their interest in the property as collateral is protected. They hire these day worker thugs through independent contractor management companies just to avoid bank responsibility. I had one break into an investment property I had sued B of A on and lost the case so was being forced to short sell the house because B of A refused to modify. It was formally listed and under contract for purchase when they broke in.. A tenant was legally in possession based on his rental agreement and had his possessions packed and ready to move after work when these thugs broke the security door and entered. They stole many of the tenants things. I filed a claim with the management company but you can’t touch the banks UNLESS you want to sue them! You know the old saying, if you don’t like what we do, “sue us?” Been there done that!
I told the tenant to file a claim but don’t know what happened. I posted the property but they continued to come in it for their “inspections.” The property owner gets blamed for these vandalisms and thefts but these management inspectors and clean out companies are CLEANING UP!
Even though the bank does not OWN the property there is no stopping this violation
You actually can win in court with this. Even tho my settlement was small, I also filed charges on them for breaking and entering. It didn’t get far, but it sure was a pain in Wells butt
I believe your mistake is contained in your first sentance; even if you were being sarcastic. You said “The banks were given the right to enter your property…”. This assumes, of course, that the entity that you are dealing with is an actual creditor. The fact is, “the banks” have no rights. Without a court order, it’s criminal trespassing. File a complaint with the State Attorney.