Is it illegal to live in a foreclosed home.txt

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There, a second family purchased the house for just $16,000, not realizing that this put them on the hook for the existing $200,000 mortgage. The foreclosure process isn't something any homeowner wants to go through. Foreclosure is the process of a lender taking actual possession of the property from you to pay the debt you owe. Sep 29, 2016 · The settlement caps an effort by former City Atty. If winter comes, and they are not to be there, the city usually comes in and boards it up and winterizes it and sends the bill to the current person on the deed. 3 There are more than 6,600 home foreclosure filings a day, with Florida having the . If I own the house and someone else owns the land can they keep me from living in my house. , police department doesn't fool around when it comes to ridding a foreclosed home of illegal …If they owned a house, they continue to own that house, and they can allow others to live in it or arrange (via a representative) to lease or sell that house, however they see fit. . . When a house sells for less than the amount owed at a foreclosure sale, the remaining balance is called a deficiency. is it illegal to live in a foreclosed home. His own government, in the form of the U. Or going online and ordering a …In Tempe, Arizona, there have been so many illegal parties, patrol officers carry a list of foreclosed homes, and conduct nightly security checks. “My home is being foreclosed on. The legal process is much the same from a landlord's point of view. variety of questionable or illegal behaviors, like that reported by the Florida. 24. The National Low Income Housing Coalition estimates that rental properties make up at least 40% of all households affected by foreclosure across the country; in New York the number may be as high as 56%. 2014 For more fact sheets and other help go to www. that it would sign new leases with renters living in foreclosed properties owned . 133 Nov 16, 2010 Can you tell me how a servicer could ever tell a home- foreclosure but the ones who live next door and have the vacant www. WHY AM I GETTING FORECLOSURE PAPERS? Florida law says that renters have to be told that the property they are renting is being foreclosed. An apartment may also be illegal if the toilet and the shower/bath are in different rooms. To protect your right to remain at the property, you must continue to meet your obligations. As they deteriorate from neglect, these homes become eyesores that drag down the property value of other homes in the neighborhood. That can create more than a little uncertainty for people who buy homes in foreclosure sales, Loftsgordon notes. 5 million homes nearby foreclosures saw a price drop of $7,200 per home in 2009. The Trustee will establish a date for a foreclosure sale, or sometimes called a foreclosure auction, where if the landlord can’t get caught up on the mortgage they will lose ownership of the home. Under the new state law, RCW 61. same: homeowners, investors, and the communities we all live in suffer, . http://www. Suing lender for wrongful foreclosure because of dual tracking can prevent eviction, or even get your home back in some cases. S. Maybe they’ll let you live rent free for a month or more while you look for a new place. PTFA, and banks have continued to send out illegal eviction no- tices. txt (“[T]he Servicer will be entitled. It is a both a crime and also a civil cause of action in Pennsylvania to audio-record someone without their consent. Because you made it clear that the recording was made "without their consent," the answer to your question is yes. youtube. Sep 24, 2009 · Two Clawson residents face charges of illegal entry and malicious destruction of a building after a vigilante effort to board up a foreclosed home in their neighborhood. Commenter: Thomas Yarbrough Homeless people should not be allowed to squat in foreclosed homes. That’s why a foreclosure on their home can be one of the most challenging experiences to go through. Or you can call the Housing Counseling Hotline at (800) 569-4287. Status: ResolvedAnswers: 4Squatters turn to century-old law to try takeover of home https://www. Pre-foreclosures also include properties for which a foreclosure auction is scheduled. The only difference is that the trust is the party foreclosed upon as opposed to you individually. Writ of Restitution/Notice to Vacate If your landlord wins at the hearing, you will have ten days to appeal the court's ruling. 8. One of Knight’s key concerns is making sure a property isn’t deteriorating to the point where it becomes a public safety issue or attracts kids who would use it as a hangout. Imagine you couldn't afford the mortgage so the bank reposesses, and because its known its a distressed sale you might not get market value. If your lender has violated these laws, it could be a defense against a foreclosure claim. In 2011, JPMorgan settled claims that it illicitly foreclosed on 18 military service members. Contractors inspect or repair an estimated 3. $3. refusing the new owner reasonable access to make repairs or improvements as required by law. After a Foreclosure . Maybe the owners could try to sell the house and you could stage it for them in exchange for rent until you have to move. Helpful articles for all Americans. For foreclosure purposes, property in an irrevocable trust is no different from non-trust property. Philly Homeowner Declares He’s ‘Foreclosed’ on Wells Fargo Want more consumer news? Visit our parent organization, Consumer Reports , for the latest on scams, recalls, and other consumer issues. Sep 20, 2009 ing. com/watch?v=N7gz2Z7bI3oOct 11, 2012 · Squatters are getting creative in Hillsborough County. I paid rent in time and she was not paying mortgage. In some states, the bank has to file a lawsuit with the court to foreclose (judicial foreclosure), while in others, it can foreclose without going to court (nonjudicial foreclosure). stitution provides that no person shall be deprived of life, lib- . Get answers, and share your insights and experience. Now both families face massive debt for a home that neither may be able to live in. until 2013 allows most tenants to keep renting foreclosed homes for three months after foreclosure, according to Bankrate. Time is very short! Please attend a workshop at UCHC as soon as possible!In a judicial foreclosure, the lender typically must: mail you a notice telling you that foreclosure proceedings will soon be started in court; serve you with a copy of the complaint to foreclose, and; publish notice of the intended foreclosure sale in a local newspaper for a …According to the Center of Responsible Lending, an estimated 69. 10. For a full review of your situation, our mortgage litigation attorneys offer free legal consultations …Vacant or foreclosed homes can diminish an area's quality. Some states, like Texas and California, allow the lender to pursue collection outside a court of law, which can speed …Talk to a lawyer experienced with the eviction process in Missouri to better understand your rights and legal options. (describing a illegal subdivisions is mounting around the country, in particular . Can HUD help me if I haven't been able to make my mortgage payments and I'm about to lose my home? Answer: Contact one of the HUD-approved housing counseling agencies near you. If your property is foreclosed, you lose all rights to the property. Many of the contractors …The responsibilities of a tenant do not change after a property is foreclosed upon. The Process Allows Wrongful Foreclosures During the Review Process . We live in Indiana. Now the previous owner is threatening to file a law suite against us, for rent. The bank will use a “Trustee” to facilitate the foreclosure process, who will issue notices to the landlord or tenants. In Illinois, foreclosure takes about 16 months (from the first missed payment) and the owner can live in the property and does not have to make payments during the foreclosure. Take control, understand your rights, and become a legal beagleThe immediate problem is obvious: where and how to find a new place to live. gov/Archives/edgar/ data/825309/000095011604003012/four24b5. Get …Is it illegal to bid on a foreclosed home at an auction on a relative's home? I heard that on a short sale it is - Answered by a verified Real Estate Lawyer Is it illegal to bid on a foreclosed home at an auction on a relative's home? I heard that on a short sale it is considered bailing out the relative. The problem, it …Apr 03, 2013 · A foreclosed home in Cincinnati. Jun 21, 2018 Vacant houses going through foreclosure offer the perfect opportunity for squatters to have a place to live without paying for it. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. The last family to live here bought the home for $175,000 in 2002; eight years later, the bank claimed an improbable $286,100 in past-due balances and repossessed it. When the plaintiff starts a foreclosure case against the owner of your home, the law says that the plaintiff must tell the tenants within 10 days. RCO Legal, which boasted more …Suing lender for wrongful foreclosure because of dual tracking can prevent eviction, or even get your home back in some cases. These properties are not found on a multiple listing service (MLS). The illegal foreclosure cost Cardenas not only her home, but her family. ) Notice of the Foreclosure. Land Lord is telling us the house we live in is about to be foreclosed and we've never missed a payment. Those numbers seemed high at the time, but the new figures shed a new light on the extent of the illegal foreclosures. 1 Your Rights In Foreclosure Be Careful! Foreclosure is complicated and confusing. Furthermore, the government allocated $46 billion to at-risk homeowners in the 2009 Troubled Asset Relief Program, and three years later 90% of that money has gone unspent , an inexplicable statistic considering that millions continue to lose …While the lender only has to advance the process in order to violate the new laws, most homeowners are mislead and didn’t contact a mortgage attorney until the foreclosure process take place. ’s foreclosure prevention program were foreclosed on anyway. For foreclosure purposes, property in an irrevocable trust is no different from non-trust property. I …New York, NY — New Jersey officials are reminding tenants that they don't have to leave home if their landlord A foreclosure is a lawsuit that the mortgage company files when the owner does not pay their mortgage. Jul 19, 2018 · If you end up being foreclosed on, and your tenants decide to sue you, the judge in the case will determine whether or not you had a duty to disclose. Illinois is a judicial foreclosure state, which means a mortgage holder must file a lawsuit in order to foreclose on real property. To the extent these consent orders embolden servicers in their illegal /825309/ 000095011604003012/four24b5. It has been vacant for almost a year & has not been put up for sale, nor has anyone been working on the home. I live in Peoria, IL I hired a par-legal? Dennis Heulbig- from Brooklyn to help me and after going to court about 4 times over about an 8 month period he said I should start a trust and I could get the IRS to pay for my house. First, you must continue to pay rent. In my opinion, the problems you might be facing down the road makes it not In my opinion, the problems youRedemption puts owners in limbo. Swipe through the gallery above to see what other properties have been foreclosed on recently around Houston. But, the most common of all illegal apartments are in the basement of a building. Apr 18, 2018 · Mercer County authorities say the accused would move into homes that were vacant or being foreclosed, change the locks, turn on utilities and live rent-free. If the tenant enters into a new rental agreement with the new owner, then the tenant would pay rent to the new owner. In the industry's slimy underside, firms push homeowners into default and and foreclosure…Nov 16, 2016 · “A home, whether it has been foreclosed on or lived in or vacant, code still applies to that property,” Knight said. Sep 23, 2012 · I live in a foreclosed house and it is because of landlord. Sep 28, 2018 · Jacob McGreevey, a Marine veteran of four tours in Iraq and Afghanistan, fought for years to prove his house was illegally foreclosed on. Tenants can legally live in foreclosed homes for a period of time after the bank forecloses on the landlord. If the home we rent is in foreclosure and we just found out that the home is an illegal rental - - Answered by a verified Real Estate Lawyer We use cookies to give you the best possible experience on our website. txt . It is used when there is a power-of-sale clause in the deed of trust that secures the mortgage loan by giving the trustee the authority to sell the home to pay off the loan balance at the request of the lender if the borrower defaults (fails to make payments). Carmen Trutanich to hold banks accountable for foreclosed properties that became dens of squatters and drug addicts following the housing collapse. I am in an illegal foreclosure with Ocwen Loan Servicing. alreserve. Although they never missed a single bill, unbeknownst to the Pryons and at no fault of their own, the title …It is so sad to see what people are doing to their homes when they get foreclosed on-it makes it hard to feel bad for them, really. sec. foreclosed homes after the redemption period (deadline to reclaim the home)x In Michigan, an illegal occupant (squatter) must live on a property for 15 years necessary if occupants claim the legal right to live in the home and the truth of the claim is unclear. /0001125282-05-004023. Nov 30, 2010 · I live in California show more I know of a perfectly livable house that a bank foreclosed. There was a foreclosure act that says lender has to honor our lease. A federal law in effect in the U. Status: ResolvedAnswers: 17Eviction Day: Foreclosure Crisis Forces Man From Home https://www. After one family missed a payment, its home was foreclosed on and sold for cheap at an online auction. With the economy as bad as it is and the market flooded with vacant homes, a family may live under these conditions for close to a year before any one takes notice. If you are facing foreclosure of your home in Alabama, you may have many questions about the foreclosure process, whether Alabama provides protections to homeowners in foreclosure, how soon you’ll have to move if your home is foreclosed, and more. txt (''[T]he servicer. Make sure you understand the process and your rights. Yes, there are some competitively priced foreclosures on the market, but the same can be said of traditional listings. Your responsibilities as a tenant The responsibilities of a tenant do not change after a property is foreclosed upon. If the home we rent is in foreclosure and we just found out that the home is an illegal rental - - Answered by a verified Real Estate Lawyer. For example, if you owe $350,000 on your first mortgage and your home sells for $300,000, the deficiency is $50,000. refusing to sign a written renewal after the expiration of his lease. likelihood that clear title to foreclosed properties is jeopardized by the shoddy handling of . Lack of cash for a rental deposit is probably the biggest barrier to foreclosed owners getting re-established on their own. Thus, property in an irrevocable trust may be foreclosed. I've said it before, and I'll say it again, we do not recommend buying foreclosed properties that have illegal occupants. So it makes economic sense to stay in the property as long as possible. It is illegal for your landlord to evict you on the basis of your race, color, religion, national origin, sex, gender identity, sexual orientation, age, genetic information, ancestry, marital status, disability, or …The new law gives the person whose home was foreclosed on three years after a foreclosure or one year after the law was passed, whichever is later, to begin a court challenge to get his home back. Your immediate need is finding a new place to live. Foreclosures often come with baggage — liens against the property, repairs that need to be made, and so forth. org C-12 pg. In many states, the mortgage lender can sue you to …illegal collection of advance fees. Another issue for tenants in foreclosed properties is property maintenance. com/watch?v=UXep2SsJlHwJan 09, 2009 · In the third quarter of 2008, more than 700,000 Americans faced foreclosure -- a new and troubling record. Apr 07, 2011 · A SWAT team, called to a foreclosed home last month due to a so-called The Naples, Fla. I have an FHA loan and I want to avoid foreclosure. Okay so my mom agreed to a rent to own like situation. Also, aside from the mortgage issue, I don't know what state you live in, but if your state gives you a homestead exemption on your property taxes for your primary residence, the county may require you to notify them if part of the premises are being rented out to …Frequently asked questions about foreclosed properties In buying a foreclosed property, who pays for CGT, DST etc? ANSWER: Normally the seller is the one who shoulders CGT and DST is for the account of the buyer, but they can actually pass the cost of CGT to the buyer if …In Florida an angry homeowner whose home was wrongfully foreclosed on by Bank of America gets revenge by foreclosing on the bank's local branch. voiceofsandiego. The MHBR accomplishes this by making sure that the default process is fair, honest, and transparent to the homeowner. The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. A foreclosed property – also known as Real Estate Owned (REO) – is a home that was once customer-owned but has been turned back to the mortgage holder as the result of a foreclosure action or acceptance of a deed-in-lieu of foreclosure. It has been four months since the auction and we have yet to hear from the bank (new owner). 3 million homes like this one each month. These properties are tags as foreclosed and available for sale at a lower price. These homes Jan 11, 2014 Owing to the recent scandal over illegal foreclosures, mortgagees who “live-ins ,” moving dozens of community activists into foreclosed homes to block evictions. The state law is still in effect, and offers important protections for tenants. Know Your Rights » Eviction & Termination » Foreclosure Foreclosure Facts. On the tv news, I have seen auctions on the front steps of a courthouse, but I am more familiar with foreclosed homes listed on the web. Bank of America and Morgan Stanley settled claims that they foreclosed on 178 military members. org/articles/2008/08/05/news/02renter080508. Tenants in Foreclosure Cases. Sometimes, after a foreclosure, it is not clear who is the new owner of the property. Attorney General. I am a Tenant Living in a Foreclosed Property. Follow him on Twitter at The house was occupied by a woman and her two sons, who are now facing drug charges in Las Vegas. In fact, it’s not unheard of for a disgruntled owner to break windows, pour concrete into toilets or paint on the floors, smash the …using the property for an illegal purpose. In fact, landlords can be subject to foreclosure if they fall behind. In some states, the lender is entitled to a deficiency judgment which allows the bank to collect the unpaid balance from the borrower by taking money out of the borrower’s paycheck each month (wage garnishment) and draining the funds from a bank account (bank levy). You may find out about the case by seeing a notice posted on the door to your building or the plaintiff may give you a copy of the foreclosure Summons and Complaint. The people that lost their home might now be homeless themselves and thus deserving of the home too. Years ago, I used to check the listing … s of foreclosed homes online. (Learn more about judicial foreclosures. Legal beagle is a keen, astute resource for legal explanations. Jun 26, 2011 · Sometimes the home sits for a long time before they come in and refurbish it and resell it. The bank says it doesn't want rent "at this time. What Happens When Your Landlord Doesn't Pay the Mortgage to the House You Live In? by Dale Marshall If you rent your residence and the landlord doesn't pay the mortgage, a practice known as rent skimming, the house will likely go into foreclosure. However, in a growing number of foreclosure cases filed when home prices collapsed during the financial crisis, lenders may never be able to seize the homes because the state statutes of limitations have been exceeded, according to interviews with housing lawyers and a review of state and federal court decisions. com. If a landlord does illegally evict a tenant, the tenant may sue the landlord for trespass, wrongful eviction, assault, battery, slander, libel and the intentional infliction of emotional distress. " Will the bank make me pay back Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. As they deteriorate from neglect, these homes become eyesores that drag down the property value of other homes in the neighborhood If the action is a judicial foreclosure being filed in state court, then the property owner must have the defense ruled by a judge by filing a lawsuit or counterclaim that the foreclosure action is illegal for some reason and request the court to put the foreclosure on hold until the issue is resolved. Help please. What are My Rights? Previously there was a federal law to protect tenants caught in a foreclosure, however this law expired as of December 31st, 2014. The situation has caused great pain for my son and myself,” said Myra Cole, a single mother from Spanaway who said she struggled to find employment after a layoff. txt. Even when the police catch the party planners, most of the time the charges get dropped. more than three dozen foreclosed properties have been listed for sale on the numerous other fish found dead in illegal gill net We live in Indiana. My mobile home was on someone elses property. Statutory Violation : Every state has laws and statutes that outline the foreclosure process. LawHelpMN. Foreclosed properties are partially paid by homeowner or landowners and re-acquired by the bank because owners can no longer pay the outstanding balance. These foreclosed homes, turned marijuana grow houses, are also frequently well-armed. , a private, nonprofit, 501(c) (3) organization that operates the Civil Law Self-Help Center through a contract with Clark County, Nevada. 73 Id. I live in Ca. com . 146, a tenant living in a foreclosed property may receive either a new rental agreement or a 60-day notice to vacate. at S-38. And yet, the Mortgage Bankers Association estimates that 250,000 new families enter into foreclosure every three months Dec 04, 2017 · The nation's strong economy and housing market have led to tough times for one of the region's prominent foreclosure-mill law firms. Some of the websites are free, and others costs $. Fernando Alfonso III is a digital reporter at Chron. To evict someone from a foreclosed house law enforcement needs to have a signed affidavit from the owner of the property - usually a bank. 99 ebook available (in all formats) from Smashwords:. , police department doesn't fool around when it comes to ridding a foreclosed home of illegal …In particular, predatory lending is illegal and a statutory violation, below. We were going through a forclosure. In 2008, the Pryons bought a house in Houston with a $700-per-month mortgage. The Minnesota Homeowner Bill of Rights (MHBR) is a law that protects Minnesota homeowners from illegal foreclosure practices. As a family we've all contributed to the well being of this house financially, and we've been on top of …After fighting the disease for nearly 5 years, he now has mere days to live. Ask straight out if the house is headed to foreclosure and if there is anything you can do to help. Mar 30, 2015 · But in some Florida courts, homeowners’ lawyers have argued that once a foreclosure is dismissed even for technical reasons, the lender cannot refile a new foreclosure …When the issue of illegal immigration comes up in conversation, people often wonder why I’m such a staunch supporter of securing our borders and reforming the immigration system. 18, 2009). txtCan't tell from your question if you owned the house and it's been foreclosed If you plan to rent again it is highly recommended that you verify the property is In some cases, banks make an illegal move intentionally, and oftentimes, The bank cannot padlock your home's door if you're still living in the home. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. , police department doesn't fool around when it comes to ridding a foreclosed home of illegal …"Using their authority, they demand information irrelevant to the legal issues of saving your home, make public accusations, name-calling, threats on the record, and sometimes put their unfounded If they owned a house, they continue to own that house, and they can allow others to live in it or arrange (via a representative) to lease or sell that house, however they see fit. But on top of all this pain, Wells Fargo has evicted us from the our home, despite being in talks to modify our mortgage. TENANTS IN FORECLOSED PROPERTIES: WHAT YOU NEED TO KNOW. A rise in home foreclosures around Houston may be upon us. Homeowners Relief's allegedly illegal business practices, froze the . Learn about the foreclosure laws in your state. Justice In the first half of 2012, 800,000 homes that should have circumvented foreclosure according to the U. In Georgia, in a different property dispute, a city agreement that survives the foreclosure by law, or a written agreement with the new owner/lender to maintain or modify the tenancy, vacate the property in a relatively short period of time. If the mortgage company wins the lawsuit, the court will sell the property to pay the mortgage company. Tenants in non-just cause eviction jurisdictions who live in buildings foreclosed on before May 20th, 2009, have a right to 60 days notice to quit before the new owner is …Nonjudicial foreclosure is the most common type of foreclosure in California. Dec 13, 2011 A. This is not only heartless, it’s illegal. This website was designed and is maintained by Legal Aid Center of Southern Nevada, Inc. The general rule is that homeowners can take any personal belongings, but must leave all fixtures related to the property. It is important to check your state laws Property Damage to Foreclosed Property Some homeowners continue to maintain their property during a foreclosure , but not all. If they owned a house, they continue to own that house, and they can allow others to live in it or arrange (via a representative) to lease or sell that house, however they see fit. and currently Most Common Type of Foreclosure Procedure in Illinois. When the issue of illegal immigration comes up in conversation, people often wonder why I’m such a staunch supporter of securing our borders and reforming the immigration system. After a foreclosure, the road to recovery can be challenging, but there are steps you can take to get yourself and your family moving forward to new housing, revitalizing your credit, and buying another home in the future. For most people, the home they live in is the most important possession they will ever own. gov/releases/g19/hist/cc hist_sa. Foreclosure is not merely an issue that affects homeowners. is it illegal to live in a foreclosed home. Is it illegal to Squat in foreclosed properties? Detroit,Mi Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. had vanished, including retirement accounts and life savings. Homeowners have the right to remain in the home during the foreclosure process and can …I live in a house that was foreclosed in January. If you live in a foreclosed home, the United Community Housing Coalition (UCHC) can help you save your home through the Right of Refusal (Make it Home) program. Justice I live in a home that was foreclosed on, then auctioned. As the aftermath of . Misdemeanor violations of California laws that protect homeowners in the foreclosure and loan modification process are now subject to a three year statute of limitations. txt (last visited Nov. For a full review of your situation, our mortgage litigation attorneys offer free legal consultations at our office in Los Angeles, or via phone if necessary. Mar 30, 2015 · But in some Florida courts, homeowners’ lawyers have argued that once a foreclosure is dismissed even for technical reasons, the lender cannot refile a new foreclosure …Courts frown on self-help evictions, and may readily award a tenant damages for an illegal removal. consumer's monthly mortgage payment, but often failed to live up to their promises. Dallas Wrongful Foreclosure Lawyers. Jul 15, 2008 · I thought it would be illegal to publish such list. We use cookies to give you the best possible experience on our website. Nov 19, 2010 “If you're worried about keeping your home, avoid anyone who wants a “The United States Government's response to the foreclosure crisis U. It's illegal to move into an unoccupied or abandoned home, but some have found a way to try to justify it. They don't own the home, and thus they don't own the cabinets, lights, etc that came with the home, so it SHOULD be against the law to take them. 61 plants were discovered, which is a significantly smaller quantity than was discovered earlier in the year at another home with 878 marijuana plants. Also, read our tips on avoiding foreclosure. *These bills became effective January 1, 2013 This document was initially released in October 2012. A deficiency is the difference between how much you owe at the time your home is sold at foreclosure, and its fair market value. Determining what a fixture is can be one of the difficult questions about moving, whether it is a foreclosure situation or not. Illinois law …Vacant or foreclosed homes can diminish an area's quality. Also, aside from the mortgage issue, I don't know what state you live in, but if your state gives you a homestead exemption on your property taxes for your primary residence, the county may require you to notify them if part of the premises are being rented out to …Oct 16, 2010 · The foreclosure frauds come as no surprise to people who follow the mortgage service business. Improper and illegal occupancy of a converted garage increases the demand for City services such as refuse collection, increases the number of vehicles taking up parking spaces, and impacts the density of our neighborhoods, potentially leading to a decrease in the quality of life for all residents. While mortgage giants Fannie Mae …I do work on foreclosed homes for the banks, obtaining the default keys is as easy as going to a home depot and telling the guy the kind of key you want. which compounds the fact you still owe money to the bank & 'homeless'