We have seen lenders do this to homeowners who still own and live in their home. In one example, an American Veteran was facing foreclosure. He went to the hospital for some medical treatment.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://columbusohshortsaleadvisors.com/
He came home to find the locks on his home changed. All of his personal belongings had been put out at the curb. Some items were missing.
Don't be surprised that this is happening. We recently saw a story that Bank of America allegedly foreclosed on a paid off house.
If this does happen to you, then please remember that the lender is breaking the law.
They are not allowed to change out the locks on your home until they have completed the foreclosure proceedings and evicted you from your home.
(Most lenders usually pay homeowners to move rather than bother with an eviction.) It is your home and you own it until the lender has foreclosed on it. In addition, you still have the right to live there until an eviction is finalized.
Fortunately homeowners have rights (although the banks don't think that they should.). Here is what you should do if this happens to you.
1. File a police report against your lender for breaking and entering.
2. Contact your senators, and the Attorney General for your state.
3. Hire an Attorney and get some cash for your aggravation. In the example above, the Veteran received compensation for having his rights violated and was reimbursed for the missing personal belongings.
People get paid whenever a large corporation breaks the law. I estimate that you can get between $5,000 and $10,000 for your time and money.
The lenders are breaking the law and should face criminal and civil penalties. The lawyer representing you has a lot of leverage because he can subpoena the bank and find out the employee who made the mistake.
That employee and the person who actually came out to the house could face criminal charges. It will be less expensive for your lender to pay you versus having to deal with an employee facing criminal charges and jail time.
Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. http://columbusohshortsaleadvisors.com/
Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. http://columbusohshortsaleadvisors.com/
Thanks for reading this, Rick and Robin Lemmons.
Rick and Robin is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Rick & Robin Lemmons specialize in helping Columbus Homeowners short sale and never pay the bank another penny. Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
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Important Notice
Rick and Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Rick and Robin's personal views and do not reflect the views of Coldwell Banker King Thompson.
This information on Columbus Short Sales: Facing Foreclosure And Your Lender Changed The Locks? is provided as a courtesy to our viewers to help them make informed decisions.
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