Bank Calls It a Foreclosure, Family Calls It a Free Renovation

The foreclosure game is increasingly looking like something out of the Thunderdome. With foreclosure fraud all over the news, this weekend a family of 11 retook their foreclosed Simi Valley house, after it'd already been resold--twice, according to ABC7. The Earls say they had been trying to catch up on their mortgage payments when they found a $25,000 discrepancy in the amount owed, "so they stopped making payments." Redfin shows a sale in February, and the family was evicted in July. ABC says that an investor bought, remodeled, and resold the house, with the new owners set to move in within the next few days. The house was taken off the market last week, but there's no evidence of a sale yet. On Saturday, a locksmith let the Earls into their old house, but this whole stunt smells like more than just a rogue mad-as-hell family. Their attorney Michael Pines not only put out a press release ahead of the break-in, but also said on Saturday "This is only the beginning of this. I chose this family because we needed to get back in before the investor and the real estate broker defrauded a new family by having them move in..."
· Evicted family breaks locks, reclaims home [ABC7]
· Evicted Homeowner, Represented by Attorney Michael Pines, is Retaing Possession of Home After Foreclosure [PRWeb]