Banks Breaking Into Homes During Foreclosure Process Illegally

A contractor for JPMorgan Chase modified the front door lock on a woman's home in Orange County

, Florida, as she hid because of fear in her lavatory, eyewitness news stories. The lady, Nancy

Jacobini, was allegedly 3 months behind on her mortgage and her home was reportedly in foreclosure, however according to eyewitness stories, the bank isn't legally allowed to change the locks on an occupied home.

I am locked in my bathroom, she revealed on a 911 call. Somebody broke into my house!

Sarasota's Herald Tribune reports similar cases : Renters in a Florida home apparently in foreclosure came home from the beach to find the locks changed and some of their possessions robbed. The lock-changers reportedly nicked a laptop, a mp3 player and 6 wine bottles. A Sarasota landlord expounded BOA tried to switch the locks on her condo three times, even though she announced the building was not even in foreclosure an often lengthy process that usually involves a default notice, a prepared auction and, ultimately, a bank repossession.

Why are banks going into peoples's homes unlawfully and changing the locks while the householders is still there? These same banks that don't even read the paperwork or paperwork for a foreclosure process are so overzealous to take back the property that they change the locks before the home-owner leaves.

Though there are a few examples of this sort of evil behaviour, no criminal charges have been filed against the banks and civil suits have been unsuccessful. Since banks hire local corporations to switch locks, the paper notes, it's often difficult to work out who has basically done the lock-changing and on whose authority.

As GMAC, JPMorgan Chase and B. O. A suspend foreclosure events because of questions about the legitimacy of some foreclosure documents, the nation's foreclosure process could face a massive stall, which in its turn could further hinder a home market recovery. More northern Americans lost their houses to foreclosure in Aug than in any other month on record, as banks repossessed 25 p.c more houses that month than in August of last year.

by: Curt Maly

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