The Latest in the Foreclosure Saga: Bank Break-Ins
Following the recent paperwork issues - specifically "robo-signing" documents without reading them - that plagued the banking industry's handling of foreclosures, the last thing the financial sector needs is another scandal. However, yet another black eye has appeared in the ongoing foreclosure saga: bank break-ins.
A bank break-in occurs when bank representatives enter a property, thinking they have the right to enter the property, when in reality they do not.
There are legitimate reasons for a bank to enter property. Most often, banks send representatives to properties when the property owner is in default of the loan or if the property is abandoned. Usually, a representative from the bank, or a third-party contractor the bank hires, will enter the property to change the locks, keep pipes from freezing or to perform other maintenance tasks. Banks do this in order to ensure that no vandalism occurs on the property - banks can be held liable if vandalism or damage occurs.
More and more homeowners or mortgage holders are suing banks for illegal bank break-ins, however. As reported by the New York Times, there are complaints of banks entering the property of homeowners who were current on their payments, had completely paid off their homes or were in the process of a mortgage modification with the bank. In a few instances, the banks had entered properties after wrongfully foreclosing upon the properties or failing to give proper notice to the homeowners that they were being foreclosed upon.
More disturbingly, the New York Times reports that some banks or their contractors had thrown out the personal property of homeowners without alerting the homeowner that such action was being taken. There were also reports of properties being "ransacked" and personal items missing, such as electronics.
Bank break-ins may just be the latest symptom of a foreclosure process in distress. If you face foreclosure or feel buried under a mountain of debt, bankruptcy may offer you options to keep your home and find a way to a new beginning. Speak with an experienced bankruptcy attorney to discuss your situation and learn of your options.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
Questions and Answers
Article Tags:
chapter 7
,chapter 13
,bankruptcy lawyer
,gwinnett county bankruptcy
,lawrenceville
,foreclosure
,creditor harassment
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
Students from both private and public universities all over the country may also provide low cost or free advice. The sessions will only achieve directing clients to the right legal path in filing the right papers. Note that with the new bankruptcy laws taking into effect making the bankruptcy filing process more difficult than usual, an experienced bankruptcy attorney will be worth your money.
Many people who enter the bankruptcy process worry about the fate of their credit. This is actually unnecessary as the bulk of credit damage happens before the bankruptcy process is even initiated. While no one wants the added hassle of rebuilding their credit after resolving debt troubles, doing so can put you leaps ahead of others in the credit game.
Americans are now filing Chapter 7 or 13 Bankruptcy to get their debts under control. Bankruptcy in itself is designed for debt elimination. Chapter 7 bankruptcy functions to cancel out unsecured debt such as utility or medical bills, credit card, etc. Chapter 13 Bankruptcy on the other hand is designed to give individuals more time in repaying all their debts.
Filing for bankruptcy is good news whenever you are struggling with your credit card debt, mortgage or medical bills. Bankruptcy laws help families and individuals in their debt struggles. You have two options on how to deal with your debt problems, Chapter 7 (debt elimination) and Chapter 13 (reorganization). Always remember that you can regain credit again after successfully filing your bankruptcy.
Here is an easy way to know how to hire right attorney Mesa AZ. Many people in Mesa AZ have legal complications. The only savior to such situation is attorney Mesa AZ
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
The law firm of George R. Belche, Attorney at Law, located in Lawrenceville, Georgia, focuses on helping people resolve their financial problems through bankruptcy. Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy allows you to eliminate or pay back a portion of most unsecured debt and helps you ease your financial situation.
Discuss this Article
