Friday, March 13, 2009

City Of Oakland Files Five Lawsuits Accusing Lenders, Agents Of Illegal Foreclosure Evictions

In Oakland, California, KGO-TV Channel 7 reports:

  • Oakland City Attorney John Russo said [Thursday] that his office has recently filed five lawsuits against major banks and local agents he alleges are illegally evicting tenants. At a news conference at City Hall, Russo alleged that despite repeated warnings, banks and their agents have continued to violate Oakland's "just cause" law by sending illegal eviction notices to good tenants in foreclosed buildings.

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  • Russo said the lawsuits name as defendants banking giants JPMorgan Chase and Fidelity National Financial, along with their subsidiary companies and local agents, whom he alleges are paid to remove tenants from properties the banks have acquired through foreclosure.

For more, see Banks accused of violating renters' rights.

For more from the Oakland City Attorney's Office, see:

For other posts involving the problems tenants face in homes in foreclosure, go here, go here, go here, go here, and go here. RentSigmaSkimming