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Former Homeowners Reclaim Foreclosed Home

October 27, 2010

This is interesting.  An attorney encouraged a couple and their 9 children to take a crowbar to their boarded up, foreclosed property and take up residence again.  The former owners, Jim and Danielle Earl, say that they were trying to catch up on their payments when the lender sold the property to Conejos Capital Partners.  The Earls say that it is quite unclear who actually owns the loan…apparanlty the original party was WAMU, which became JPMorgan Chase.  The Earls and their attorney claim that JPMorgan Chase improperly assumed the loan and did not have the right to sell it.  POWER TO THE PEOPLE!!!!  Way to go Earls.  Well, this one is still up for grabs and has not settled yet.  It should end up being a civil dispute, and the prevailing party will have a claim against the defendant for trespassing.

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