Bank changing locks

Real Estate Sales Representative with HomeSmart Fine Homes and Land

Why is it legal for a bank to change locks on a home that is in the Short Sale process?
The owner has vacated the home.  A date of 1/28/11 has been established for the property to go into foreclosure. My feeling is that technically the seller is still the rightful owner.  How can the bank legally lock them out?


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
prescott valley az bank changing locks

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Susie Johannes
Keller Williams Arizona Living Realty - Lake Havasu City, AZ

I believe that the seller has to continue to live on the premises, otherwise it is considered abandoned. I am going through a similar situation right now. Every time there is contact with the bank they ask if the seller is still living there. I think that is it.

Nov 17, 2010 06:36 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Charlie & Kathy Musarra & Renken

Additional Information