A client came into our office today with an interesting issue. The client purchased a foreclosed property earlier this year and shortly thereafter leased out the property to a tenant to live in. Yesterday, the tenant came home to find the locks drilled and changed and a note on the door stating that the home had been secured by a property preservation company pursuant to an order by the lender. That is the interesting part, our client purchased the home outright with no mortgage!!!!
After doing some digging we were able to find that there was a small second mortgage on the home that had been recently been sold to a new company by the second mortgage holder. The new second mortgage holder was the party which hired the property preservation company to secure the home. The problem was when the bought the second mortgage they didn't realize that the mortgage had been foreclosed and they purchased a worthless mortgage. By hiring the property preservation company to secure the home they trespassed on our clients property.
While we were able to get this issue resolved with relative ease, many homeowners have not been so lucky. There have been numerous news reports over the past several years where banks have hired property preservation companies to secure homes and the companies go into homes, change the locks, remove all of the homeowners belongings and in some cases do damage to the home itself.
If you are a homeowner and have experienced a circumstance where your home or property has been damaged by a "property preservation" company by your lender, contact a Jacksonville Foreclosure Defense Lawyer or a Jacksonville Personal Injury Lawyer today for a complimentary review of your circumstances.
