Jim and Danielle Earl returned to their house on Saturday on Mustang Drive in Simi Valley, California. The Earls, with their nine children, hired a locksmith to break the locks and moved back in.
The house is no longer owned by the bank, GRP Financial Services. Since the foreclosure it had been bought by an investor, remodeled and resold. The new owners were expected to take possession of the home in a few days.
However, the Earls, with their attorney, hired a locksmith to open the doors and the family proceeded to move their possessions back into the house.
The family was evicted from their home in July after they fell behind on payments. The Earls said they had been working with the bank to catch up on payments when the discovered a $25,000 difference in the amount they thought they owed and what the bank claimed they owed. So, they stopped making payments.
Throughout the US banks are halting foreclosures due to flawed paperwork. According to ABC News, "The family and their attorney said the bank used fraudulent paperwork to force them out."
Video Credit: ABC News.
"This is a really exciting day, a day we've been waiting for," said Danielle Earl. "My kids have been begging to go home and we're finally home.
"This is only the beginning of this," said the Earl's attorney, Michael Pines. "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, which would have created a bigger mess. (The Earls) have done absolutely nothing wrong."
Police were on scene on Saturday but did not take action to make the family leave.
Do you think this is the beginning of the people fighting back with the banks?
Photo Credit: Wikimedia Commons.
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Comments: 14
But most of this problem has been caused by the lenders/banks. Many lenders did not verify income giving mortages to buyers who had no job or buyers income was overstated.
Many of the buyers ended up over their head the old fashioned way(when a recession hits) - loss of job, balloon payments to the banks, the bursting housing bubble.
the ninja loans make a great "blame the victim" story which TV news love--short, sweet, easy to understand for the viewer and doesn't take too much time, it also makes their viewers feel safe and secure--oh well THAT won't happen to me, but the truth is that it is happening all over the country to people who thought THEY were safe and secure--and many times its happening because the banks have been, ummm, dallying in the darker side of lending(also known as criminal, but we wouldn't want to think the J.P. Morgan Chase was evil, now would we? Maybe people should read the history of the man with that name.....)
These major freeloading deadbeats "Danielle and Jim Earl" have pocketed around $500K in Cash after refinancing over the years, and haven't paid anything in years than breaks back into their former home because they say it is still theirs and should be for Free. They put down 5% on the original loan of a little more than $500K. Over the years they built the debt to over $1.10M (1st mortgage of $880K & 2nd of $130K).
They have also had around 43 foster kids over the years and neither has worked in years.
Also, an official released by the current & rightful owners can be found at the following:
http://5893mustang.com/
Can you also believe that they left their dog in the house the last time they left. That is major animal abuse and cruelty. I feel sorry for their kids. It will be interesting to see if they are taking away from them for their own safety and well-being.
I do share your concern for the kids. I can't imagine how I'd feel if my parents pulled something like that! Not to mention the parents effectively have threatened a roof over the children's heads! And if the parents get should arrested for home invasion .... Court costs aren't cheap.... Boy have those parents made a bunch of bad choices!