New Trend: Evicted, forclosed homeowners breaking into their former houses...

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EL PRESIDENTE

Username Retired in Honor of Lanny.
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due to possible bank paperwork errors? No, they still didn't pay their mortgage, why would they, they deserve their McMansion!

http://www.housingwatch.com/2010/10/12/evicted-family-breaks-in-to-own-home/

Just as new owners were about to move in, the previous owners of a foreclosed house in Simi Valley, Calif. reoccupied it with locksmith, attorney and camera crew in tow.

Investors who had purchased the home at a lender's trustee sale had been hoping to have its new owners in it this week. But Jim and Danielle Earl and their nine children returned to the home because, she says, she believes it will be difficult for their family to find another permanent place to live if they comply with a court order to vacate the home. That order, says their lawyer, was the end result of fraud.

"They broke in and are proceeding to squat in there," listing agent Chris Garvin of Troop Real Estate, told HousingWatch.

The Earls originally purchased the house for $500,000 in March 2001. Due to some refinances to take out equity, they owed at least $880,000 on a no-interest mortgage loan by the time of foreclosure.

"When we were evicted we went to the Extended Stay America because they were the only hotel around that would let us have that many children, and a dog and two cats," Danielle Earl, 44, told HousingWatch. "We split up into two hotel rooms for a month." She is the part owner of a medical devices company and her husband is a stay-at-home dad. After their hotel stay they moved to a short-term rental, but their credit issues would keep them from obtaining a property that would permanently suit their needs, she said.
 
http://blogs.wsj.com/developments/2010/10/15/arrested-foreclosure-lawyer-we-werent-trespassing/


California attorney Michael T. Pines has been quite busy. He’s been helping people break into their foreclosed homes–using a locksmith or, if necessary, by smashing a window.

But what Mr. Pines, 58 years old, considers a mission, the law labels trespassing.

Mr. Pines was arrested Wednesday as he helped Rene Zepeda, 72, break back into his foreclosed home in Newport Beach, Calif. Mr. Pines said he was charged with trespassing and vandalism; he thinks the bail was $20,000. (See a photo slideshow of the event.)

“Some of the great people in this county, the world, Nelson Mandela, Martin Luther King, had to get arrested,” he tells Developments. “I just felt that I had to stand up for my clients.”

Mr. Pines, whose bio includes more than two decades as a lawyer and a real-estate investor and, he claims, mortgage fraud victim, says that his 70 or so clients all deserve their homes back. If they have to break in, so be it. If someone else has purchased it, that doesn’t matter. His method is an extreme answer to the questions surrounding the current crisis involving mortgage paperwork and foreclosures: Who owns the loan and who actually has the right to foreclose?

“I’m trying to teach homeowners what their rights are. In my opinion, they are the legal owners of the property. All of these foreclosures, all of these evictions are grossly unlawful,” he says. “All of the loans that are currently outstanding are grossly unlawful. Homeowners have a right to get their houses back because they were illegally stolen from them. I feel very confident in saying they have the legal right to do it.”
 
Nine children? Good god! It's no wonder they went broke. How do you feed nine children?
 
Oh, and I forgot "stay at home dad". If you have nine kids, you can't afford to have a "stay at home anything." Dude was unemployed
 
Not sure how much longer Mr. Pines is going to be practicing law in the state of California...

barfo
 
Not sure how much longer Mr. Pines is going to be practicing law in the state of California...

barfo

Don't worry, he'll just break into the bar and steal his credentials back.
 
Robin Hood. Steal from the rich and give to the poor.
 
No surprise here. The same people that overbought their house, have a bazillion kids, probably alimony payments, and a fortune in credit card bills are the same folks who vote in elections and fuck up this country. Then they expect the government to provide all of their services for free, which causes the federal debt to go up.
 
Perhaps the lending institutions did jump the gun. However, what the end result is in the name of "consumer protection" is a long, lengthy process to evict those that stop paying their mortgage, tied up in litigation for years. multiply that by all the people that are living beyond their means and its going to lead to a very fucked up situation.
 
Hope the owners and players work out a deal before this time next year or you might be reading about the HCP family doing the same thing!
 
Hope the owners and players work out a deal before this time next year or you might be reading about the HCP family doing the same thing!

Then you won't have to move all the cars on blocks off your front lawn.
 
Why the hell did the bank lend them that much money to start with? Jesus. $880k! And nobody at the bank kept the fucking paperwork, so they forged it.

The 2000's decade will be the most insanely dumb decade I'll hopefully ever live through. Started with a bunch of old fucking Floridians who couldn't understand a goddamn voting ballot fucking it up for everybody, and ended with Sarah Palin, Glen Beck and $880k loans with no apparent paper trail.

Man, I sure as fuck hope scientists are busting ass on artificial intelligence. Our only hope at this point is fucking Skynet becoming self-aware and not bombing the shit out of us.
 
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The loan brokers got paid commission for the loans they got done. Incentive to issue bad loans.
 
I remember those fuck-head mortgage brokers back in the day pulling down 300-500k doing these things. like printing money.
 
9 kids, no-interest loan, borrowing against it...

Holy shit. Some people just should not be able to procreate. I feel bad for their kids, because Mom and Dad seem like complete morons.
 
Hope the owners and players work out a deal before this time next year or you might be reading about the HCP family doing the same thing!

Dude, you're a Teamster. They'll have your back, right? Isn't that why you're paying those dues...
 
That's why I want to form the Local'76-'77!
 
Why the hell did the bank lend them that much money to start with? Jesus. $880k! And nobody at the bank kept the fucking paperwork, so they forged it.

The 2000's decade will be the most insanely dumb decade I'll hopefully ever live through. Started with a bunch of old fucking Floridians who couldn't understand a goddamn voting ballot fucking it up for everybody, and ended with Sarah Palin, Glen Beck and $880k loans with no apparent paper trail.

Man, I sure as fuck hope scientists are busting ass on artificial intelligence. Our only hope at this point is fucking Skynet becoming self-aware and not bombing the shit out of us.

That's not what happened.
 

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