Saturday, October 16, 2010

ABC News On Bank-Ordered Illegal Lock Outs

ABC News reports:
  • It's one of the few booming businesses in this bruised economy – companies hired by banks to change the locks and take over homes that have been foreclosed. But in a growing number of cases, these real estate repo men are showing up before the foreclosure process is done – and sometimes, before a home is even in foreclosure.(1)

For more, see Mortgage Bullies?: Banks Accused of Illegally Breaking Into Homes Facing Foreclosure (Business for Property Preservation Companies Booms).

(1) Earlier media reports reveal that at least one Massachusetts law firm is apparently going around the country taking on these illegal lockout cases on behalf of screwed-over homeowners. See:

For those homeowners who've been screwed over by wrongful lockouts by foreclosing lenders (and their confederates) and seek some possible guidance on how much their cases might be worth if they seek to sue, see: