Posts Tagged ‘Bank break-ins’

Can banks get away with breaking and entering?

November 29, 2011

Last year a company hired by JP Morgan Chase, without warning, broke into the home of a Florida woman named Nancy Jacobini while she was at home.  The bank apologized, but its contractor broke into the home a second time, which was after she filed suit in federal court.  The first time she was behind in some payments, but the bank had not foreclosed on her mortgage.

Jacobini’s lawyer Matthew Weidner said mortgage service companies across the country frequently break into people’s homes, change the locks and destroy and steal property—and local police do nothing about it.  Mortgage-holders do have a right to check up on property and enter abandoned property to make sure it is secure, but they do not have a right to enter a home with people in it without permission.  Nor do they have the right to damage someone else’s property.

A local police department conducting a raid on a drug house would have to get a judge to issue a warrant.  But big banks such as JP Morgan Chase and Bank of America, and their agents, act as if they are above the law.  Let’s hope they’re wrong.  A federal judge last week agreed to hear Jacobini’s case.

Click on Federal Judge Refuses to Dismiss Case Against JP Morgan Lender Processing Services for an account of the bank break-in on the Naked Capitalism web log.

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