Friday, September 20, 2013

Mortgages, Foreclosures, Bully Tactics

Invasive Tactic in Foreclosures Draws Scrutiny - " . . . Even some homeowners who never missed a mortgage payment have collided with the property-management firms. Linda Haddad, 55, bought her home last June in Garden City, Mich., after JPMorgan Chase repossessed the foreclosed home from the previous owner. Ms. Haddad said she was shocked when two months later she got a call from her neighbor. “He told me an agent from Safeguard was emptying the contents of the place and changing the locks,” Ms. Haddad said. Frantic, she contacted the Safeguard agent, who, she said, advised her “to straighten it out” with the bank, which had told Safeguard to cease work on the property. By the time she did, though, Ms. Haddad said Safeguard had done tens of thousands of dollars’ worth of damage to her property."


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