What Would You Do If A Bank Stole Everything You Owned?
July 26th, 2013
With millions of Americans across the country facing default and foreclosure banks are hiring outside firms to take possession of their homes. It is often the case that those living in homes that have been repossessed by their lender stay until the very last minute, or simply aren’t aware of their final eviction date. In such cases these firms simply enter the home, take all of the personal belongings of the tenants, and restrict access. Usually, the tenant has no recourse and may never have their personal items returned to them. It’s a common practice that happens every day in modern day America.
Something else that has become commonplace amid the real estate crisis of the last several years are errors associated with foreclosure repossessions. Sometimes the bank is at fault, while other times the firms hired by them repossess the wrong house.
Katie Barnett of McArthur came home a few weeks ago to find everything in the house gone. She eventually discovered that First National bank mistakenly foreclosed the wrong house — but kept her stuff. Not only did they clear everything out like the Grinch, but they changed the locks. Their actual foreclosure target had been the house across the street.
This matters not to the bank president who responded to her $18,000 estimate for wrongfully stolen goods with a firm:
We’re not paying you retail here, that’s just the way it is.