Tuesday, November 8, 2011

Is Occupy Foreclosures next?: Bankrate

The San Francisco Chronicle reports that Occupy Oakland activists met this week to discuss not whether to occupy empty homes, but when and how to do it. One strategy the group is considering is contacting people who lost their houses to foreclosure and having them move back into the properties. Prior to the Occupy movement, there were some isolated cases in which homeowners who had been evicted moved back into their former homes months after the lender had taken title to the properties.
People might be surprised that banks and lenders may not be as timid as some local governments.  Look for lenders to evict, press charges, and seek monetary compensation if property is damaged.

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