Family Locked Out After Foreclosure Auction

Less than two weeks after they lost their home to foreclosure, a Manteca family found themselves locked out with their pets and belongings still inside.

[American]

These companies just can't wait to throw you out on the street! Maybe a lawsuit will wake 'em up.

[No comment]

I'm disgusted by what the banks are doing. You will not understand what it's like to lose your home due to illness and being layed off until it happens to you.

[get real]

They didn't pay ther bills and they were given 2 weeks to get out. That's reasonable. The bank has to protect their investment!

If you don't want to get kicked out of your house, pay your bills.

And nobody cares about why you can't pay, either. Quit making excuses people!

[going postal]

When you don't own it...you don't own it. "pets inside"...it turns out to be a gold fish-waaa waaaa!

Do you hand wringing liberals know how many homes are intentionally damaged by the owners after they are foreclosed?
It's like when an employee is fired. YOu give him his check AND tell him he has 30 minutes to get his stuff out of his desk. You can't risk the 1% of criminals who will steal files etc. on their way out.

[JasonB]

No comment wrote:

I'm disgusted by what the banks are doing. You will not understand what it's like to lose your home due to illness and being layed off until it happens to you.

I agree, HOWEVER... Nowhere in this article does it indicate that this genleman had lost his job or gotten ill. More likely he was one of the MANY individuals who got in over their head with an adjustable rate mortgage. While I believe that the banks bear partial responsiblity for giving out loans that the lendee is unable to pay back, I also find it hard to feel sorry for this guy because:

1) He was not making the payments as he was supposed to on this property. The bank does not WANT to forclose (I doubt there is a man with a black cape and waxed mustache pulling the strings) and I'm sure he recieved ample notice that he was not upholding his end of the agreement.

2) He admits that he was notified that his house was going to be sold. Everytime I purchased a house (have purchased three in the past 8 years) I expected that the seller was going to be OUT (except in one case where we had one family paying us rent after we purchased due to ours and their PCS schedule) at the close of sale.

3) He got into the loan in the first place. While I do lay some blame at the feet of the lender, he also signed the paperwork and agreed to make the payments. The fact that he was probably "living for today" and not looking to the future (as just about EVERY other person who took out an ARM was) is one of the MAJOR factors that is causing this meltdown in the housing market.

Due to these two facts, I can only assume this guy is not operating with all cylinders firing... and at this point is trying to garner public support because of his lack of forsight/stupid decisions.

[sup yo]

I am so sorry for this family, first of all because they have lost their home, and even if it's probably their own fault, I still feel for them. Also, I am sorry that the banks didn't give them a chance to get their things and pets out of the house! Ok foreclosing families who are behind in their bills, but treating them like that is a shame.

[sup yo]

JasonB wrote:

<quoted text>
I agree, HOWEVER... Nowhere in this article does it indicate that this genleman had lost his job or gotten ill. More likely he was one of the MANY individuals who got in over their head with an adjustable rate mortgage. While I believe that the banks bear partial responsiblity for giving out loans that the lendee is unable to pay back, I also find it hard to feel sorry for this guy because:
1) He was not making the payments as he was supposed to on this property. The bank does not WANT to forclose (I doubt there is a man with a black cape and waxed mustache pulling the strings) and I'm sure he recieved ample notice that he was not upholding his end of the agreement.
2) He admits that he was notified that his house was going to be sold. Everytime I purchased a house (have purchased three in the past 8 years) I expected that the seller was going to be OUT (except in one case where we had one family paying us rent after we purchased due to ours and their PCS schedule) at the close of sale.
3) He got into the loan in the first place. While I do lay some blame at the feet of the lender, he also signed the paperwork and agreed to make the payments. The fact that he was probably "living for today" and not looking to the future (as just about EVERY other person who took out an ARM was) is one of the MAJOR factors that is causing this meltdown in the housing market.
Due to these two facts, I can only assume this guy is not operating with all cylinders firing... and at this point is trying to garner public support because of his lack of forsight/stupid decisions.

I have to agree with you on all points. Well said.

[sup yo]

American wrote:

These companies just can't wait to throw you out on the street! Maybe a lawsuit will wake 'em up.

Please, don't blame the companies as it was this man's fault for not paying his bills. I pay my bills and have a fixed rate mortgage. I also bought a house I could afford. Companies are not at fault. Homeowners, or maybe should I say ex homeowners?, are.

[check it out]

Man, I am having an orgasm every time I hear that somebody has lost their house. I really am. I own a small, beautiful older home and am doing wonderfully on my payments. I didn't get an ARM, if you are wondering. Some people I know where showing off their huge mansions to me, mansions that I myself could have gotten if I were to take an ARM, which I didn't. These people thought they were so much better off than I am, what with their bigger homes and all, so you can only imagine when I found out that one of this meanies has lost his house and... guess what? He's now renting a few blocks from me, another house just like mine. With the difference that he rents while I own. Don't get in over your heads, or you are likely to lose your house and give orgasms to your "friends".

[The law is the law]

You can make all the arguments you want about why this family lost the house and whose fault it is. But the fact remains: Banks must follow the same procedures as any other landlord. If the family really wanted to be jerks, they could live there rent-free for several months while dragging out the eviction proceeding. That doesn't appear to be their goal.

[classy guy]

sorry, no sympathy for the family. As a lawyer, I know that for the bank to foreclose and do the whole song and dance, they family had been living rent/mortgage free for at least 120 days. Its these people that are dragging the economy down.

[kap]

Can they at least let the family get their things out of the house or does the bank own that too?

[kap]

RealNews wrote:

I'm sorry to get 'off topic' but has anyone else noticed that here it is Monday night and News10 has still avoided reporting on the tomato salmonella outbreak? Why? I think it is because they know full well that the source of the bacteria is MEXICAN tomatoes. They have gone out of their way to promote PRO-Mexican illegal immigration and other Mexican interests. Why no mention of an important DEADLY bacteria outbreak?

Take it up with News 10 instead of posting this same thing on every story in here.

[JasonB]

kap wrote:

Can they at least let the family get their things out of the house or does the bank own that too?

I imagine that the bank will let them get their stuff out. The bank really has no interest in keeping their belongings, and IF they weren't given the required notice they would certainly have a case for some sort of legal recourse.

[Just sayin]

classy guy wrote:

sorry, no sympathy for the family. As a lawyer, I know that for the bank to foreclose and do the whole song and dance, they family had been living rent/mortgage free for at least 120 days. Its these people that are dragging the economy down.

Classy, as a lawyer you should know the bank had no right to lock out the family. It's not about sympathy-- it's about what's legal and what's not.

[Jim B]

My Foreclosed House to Be Sold = Maybe I need to Move Out Now? Yes, the mortgage brokers and banks may be crooks, but You entered into a legal agreement to pay them. If you go to a restaurant and keep ordering food, is the restaurant responsible for your big tab?

[Scrapbooker]

Ok so yes they haven't been making their mortgage and it doesn't state why so everyone will just have to get over that.They should have had a warning if the lender or bank was doing this the right way.I tell you if you haven't been in this position or close you have no right to knock up nasty comments about someone.Yes alot of people have high arms or what ever it may be but it could happen to someone who has a locked in rate even with a low mortgage payment.I can speek for myself my husband got hurt at work and yes he got disability but let me tell you it don't pay much and yes I went out and got a job and yes we almost lost our home but we set up payments with the bank and yes we paid our normal payment plus an extra $800 a month for 6 months to get us caught back up and we have a fixed rate.That is just an easy way out so someone doean't have to pay their mortgage unlike us we cut alot out for 6 months plus I got a job and my husband went two months with out pay befor even going back to work.There are many reason this could happen to anyone so again if you haven't been there really you have no reason to to talk down on someone else

[Scrapbooker]

also just because you have payments set up with your lender or bank doesnt mean your out of the clear if that payment is one day late they can pull it from you at any given time.We were greatfull we are with WAMU and they were great to us!

[Cathy Ann]

How long does it take to move out? Most people make a move in one day, maybe two if you have a lot of belongings. It takes a minimum of 120 days for the foreclosure process. So they live payment free for at least 4 months and then they are angry because the new owner changed the locks??? Several weeks after the transfer of ownership??? When did they intend to be out and hand over the keys?? Did they try to communicate with the new owners if there was a delay?? Did they try to negotiate a fair market rent for the time that they are still in the house??? The new owner should rekeyed anyway. Maybe the action of new locks was the new owners way of getting the old owners to get thier act together and get their stuff out. I am sorry that these people have lost their home but they are taking advantage of the situation not the bank.

[Telmark]

The home "owner" gambled and lost.

Quote;
"Do you hand wringing liberals know how many homes are intentionally damaged by the owners after they are foreclosed?"

I saw this many times when renters were evicted from their apartments. This hurts everyone and also shows what kind of people they are.

RealNews wrote:

I'm sorry to get 'off topic' but has anyone else noticed that here it is Monday night and News10 has still avoided reporting on the tomato salmonella outbreak? Why? I think it is because they know full well that the source of the bacteria is MEXICAN tomatoes. They have gone out of their way to promote PRO-Mexican illegal immigration and other Mexican interests. Why no mention of an important DEADLY bacteria outbreak?

Can you $ay cover up? The MSM would have been all over this story if the tamatoes had been from Canada. BTW, I've heard that nearly all the big fast food chains have stopped using tomatoes.