Jan
21
Mortgage Squatting - CNN
Filed Under Home Loans
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With foreclosure looming and powerless to do little else, troubled homeowners trying to hang onto their home are being advised to just stay in their homes despite foreclosure proceedings.
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14 Responses to “Mortgage Squatting - CNN”
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No crisis people. Everything if fine. Everything is normal.
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And like I said, in GEORGIA, if there is a non-judicial foreclosure on record and the new owner files eviction papers and you ignore them or the case is not ruled in your favor - which assuming, if one chooses to squat they will do either one or the other - they CAN and WILL legally put your things in the street and you have no legal recourse. Laws vary from state to state and this is not sound advice for those who live in Georgia.
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Like I said they can not throw your things in the street that is destruction of property and is illegal in any state. There is no legal right for them to throw it out in the streets and break the law. All they can do is let it sit in the house until you are able to collect it or give you 24 hour notice that they are putting it in storage and send you the bill for that. If anyone ever throws your stuff on the streets report it and then take them to court to seek damages for the property.
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Not if there is a legal foreclosure on record, they can and will and it’s all within the law. They may not literally throw it in the street, but they certainly can remove your property out of the premises, secure it and arrest you if you try to re-enter as you become a trespasser once the evicition warrant has been posted and served. At least that’s how it works in Georgia.
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It is illegal for a sheriff or anyone from law enforcement to throw your things out in the street. Because that is destruction of property. Law enforcement is only allowed to uphold the law not allowed to break the law.
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Although squatting may sound like the right thing to do as an activist movement, it’s not very practical, especially here in Georgia. They’ll just get the sheriff to throw your things in the street, as once the foreclosure has gone through, they have the legal right to do so.
Go to your county courthouse and make sure the chain of ownerhsip of your original mortgage is recorded. If it’s been assigned to MERS, you’ll have to contact them to get that information.
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Stay put and the banks better recognize that people are having foreclosure parties, so buyer beware if you do buy a foreclosed house. Foreclosed party leaves the house gutted, they invite their friends and family and let them take whatever. kitchen cabinets. flooring, copper pipping.. whatever. That means WAKE THE F* UP BANKS. THERE ARE PEOPLE LIVING IN TENTS FOR GOODNESS SAKES.
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I Agree!!!! Stay put! Thanks Marcy!
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What to expect?
What to do next?
Watch ZEITGEIST Addendum
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Good to hear another Congress Critter speaking for We The People.
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DO NOT LEAVE YOUR HOME .we will overcome!!!!!
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Squatting families aren’s “loosers”!
Don’t say that “If I had to get out they gotta get out”. Why? Because Wall Street didn’t get out. Instead they got bailed out, while hardworking Americans got Kicked out. No Doubt. Not to mention, there’s not enought money on the streets for everyone to eat.
The International Banks with Wall Street’s permission are heaping HOMELESSNESS on the backs of the American people. For this to be occuring during record Job losses is an economic war crime.
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Do not leave your homes! this is just the beginning .I will be squatting