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: Updates in Michigan Family Law

House foreclosures | Break-ins by banks?

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The New York Times published an article about cases around the country involving banks sending contractors to houses when the homeowner is in default. There were some horror stories about contents being thrown away, utilities being shut off, causing food spoilage and other damage to the house. A clause in most mortgages allows banks that service the loan to enter a home and secure it if it is in default, meaning if the mortgage payment is 45 to 60 days late, and if the house has been abandoned, banks said.

Full post as published by Updates in Michigan Family Law on December 22, 2010 (boomark / email).

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