Banks Continue Abusing Homeowners In Foreclosure
Ten years after the foreclosure crisis, banks continue to abuse homeowners in foreclosure. During foreclosure, homeowners and rightful tenants may legally occupy foreclosed property. Many times, the homeowner has requested a loan modification or is actively defending a foreclosure proceeding. In fact, Illinois law requires banks to tell consumers how much time they have to live in a home before they may have to move. Back in 2015, the Illinois Attorney General took action (http://www.illinoisattorneygeneral.gov/pressroom/2015_06/20150603.html) but the same violations continue three years later.
Bardo Law continues to receive calls from consumers illegally displaced from their homes. Using a provision in the mortgage contract, banks claim they have the right to “protect” vacant or abandoned homes.
But often, the banks are prematurely evicting homeowners — changing locks, turning off water, and beginning demolition work. Some of our clients come home from work to find they can’t enter their homes. In some cases, their personal belongings are missing or damaged.
The firm has successfully brought multiple cases against several banks and their property contractors for this illegal conduct.
Most recently, Bardo Law secured victory on two separate motions to dismiss filed by defendants in the U.S. District Court for the Northern District of Illinois. If you have been victimized by wrongful conduct while you are in foreclosure and would like to pursue legal action, call us for an intake appointment.