I'm sure they will be suing the bank and winning handsomly. They deserve to sue them into the ground to remind the bank to think twice about its actions. This stuff is really getting to be rediculus.
I don't have a problem with that they do as long as they have the right address (the bank is at fault in this case).
People who finance cars, boats, TVs, etc. and stop paying for them are the real scumbags. At that point the repo men are just recovering stolen property.
Borrowers defaulting isn't a scumbag issue. People default for various reasons and the costs of bearing this risk is borne when they assume the obligation. At least for Real Estate the bank has a house and land it can sell that may net a profit or a lower loss than would be possible for unsecured debt obligations like credit cards.
There is nothing personal about it though. People generally pay their obligations and, for some, default is their only option.
Repo men/women do the most disgusting and bottom of the barrel jobs a human being could do. It makes me sick they get paid to ruin peoples lives.
I'm not sure I would agree with that. They do a job, but they aren't killing people or anything close to it. They are doing an undesirable job, sure, but they aren't ruining anyone's life (except in cases like this where they are in the wrong house!)
So sick of hearing these stories. Banks should not be allowed to toss out someone's belongings. Yes they own the house, but not everything in it. They should be able to remove the items but they don't own them. But of course our politicians would rather litigate the smallest of things before anything that could impact innocent people's lives.
This is not to mention the massive scale on which stories like this are occurring. All because of not enough regulation and accountability. Just makes me sick.
As long as they go through the courts and it is a valid foreclosure I'm not sure anyone could argue they have no right to do this. If you came to my home and left your coat in the closet for a month and it smelled funny so I decided to toss it you wouldn't have recourse against me. I'm allowed to do whatever I please with my property, and that includes disgarding things that I don't want on it. A REO foreclosure is owned by the bank and they are allowed to hire anyone they want to do whatever they want to whatever is on that property.
The former homeowner knew well before this occurs though (except in this case...) and they can, and should, take remedial steps if they care to keep their stuff from being considered abandonded. That would mean removing it from the home prior to repossesion of the place. If they do it orderly enough the bank will usually give them a kickback (cash for keys).