Squatters taking over foreclosed homes all over the country
October 12, 2010 Leave a comment
(Check out my update on squatters here ( http://bit.ly/Iyo3g4 ).
(To see how to get squatters out of your property see here: http://bit.ly/JMX8kG ).
Short sell your home today, protect your credit, and don’t let your former home be used by squatters!
Squatters are moving in foreclosed homes all across the country and taking up residence. They will seek out a bank owned foreclosed home where the original owner has vacated and then they will break in and occupy the residence. Sometimes they will put up “no trespassing” signs to keep others and bay. The utilities are shut off so they will live in the cold and dark and without water and you can imagine what a mess that creates with overflowing toilets.
Police will often not interfere or even know sometimes unless there is a disturbance. The formerly homeless squatters could then occupy the residence for some time. One home in Sacramento was apparently taken over and signs appeared that said “private property of sovereign Woman of republic of California” (whatever that means). But it meant trouble to the neighbors because the squatters apparently also put up signs warning that any trespass would be met with “self-defense” and “justifiable homicide”. Watch out that your dog or your kids don’t stray onto their lawn!
Neighbors often don’t know what is going on. These squatters move in with moving trucks and put up signs and the neighbors often think they that they legally own or rent there. What would you think if a whole crew moved in next door? Would you think squatters or renters? Most neighbors do nothing unless thing get so out of hand that the police must be called. The banks rarely inspect the property so squatters can stay for some time until they are found out.
There is an epidemic of this kind of home takeover according to articles posted all over the internet. Some of these people appear with phony contracts from bogus realty firms. Some people fraudulently rent out foreclosed homes that they don’t own to unsuspecting tenants who don’t have a clue.
People who are tenants can then take advantage of the Landlord/Tenant laws and demand theat they be formally evicted (which takes time). Some squatters wind up getting cash for keys from the bank even though they illegally occupied the premises after the foreclosure. (Don’t ask me how they do that).
It appears as if a whole industry could be growing up around occupying these foreclosed homes. Sometimes “activists” will move in or bring other squatters into a foreclosed home. Some are calling it a “movement” and social justice with names like “Take back the land” or “Poor people’s economic human rights campaign”. These groups will move a whole family into a home and go do the same to another and another. They move them in, change the locks, and then have the squatters refuse to get out.
Yes, this is happening now across the country. You might not have thought that it could happen here but some say as we move from a recession to a depression, these things will happen more frequently. It’s time we start asking the older folks what it was like in the 1930s because here we go again!
I recommend to my bankruptcy clients not to allow their home to end up in this mess. Short sell it to another family. It will cost you nothing, because the bank will pay the realtor’s commission, and it will save your credit from a foreclosure. A short sale will also keep your home from becoming trashed by squatters that the banks are too busy or too clueless to evict.
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