Banks Breaking into Homes During Foreclosure Process Illegally

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 from fear in her lavatory, witness news reports. The lady, Nancy

Jacobini, was allegedly a quarter behind on her mortgage and her home was allegedly in foreclosure, according to eyewitness news, the bank isn't legally allowed to change the locks on an occupied home.

I'm locked in my bathroom, she revealed on a 911 call. Someone broke into my house!

Sarasota's Herald Tribune reports similar cases : Renters in a Florida home reputedly in foreclosure returned home from the beach to find the locks modified and some of their possessions taken. The lock-changers reportedly nicked a laptop, a MP3 gadget and 6 bottles of wine. A Sarasota owner said bank of america tried to switch the locks on her condominium 3 times, although she revealed the building was not even in foreclosure an often difficult process that generally involves a default notice, a booked auction and, eventually, a bank repossession.

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

Though there are several examples of this sort of evil behaviour, no legal charges have been filed against the banks and civil suits have been unsuccessful. Since banks hire local firms to switch locks, the paper notes, it's usually tough to figure out who has basically done the lock-changing and on whose authority.

As GMAC, JPMorgan Chase and B. O. A postpone foreclosure events due to concerns about the lawfulness of some foreclosure documents, the country's foreclosure process could face a massive stall, which in turn could further obstruct a home market recovery. More Americans lost their homes to foreclosure in August than in any other month on record, as banks reclaimed twenty-five percent more homes that month than in August of last year.

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