Purchased House Treated As Part of Bank Owned Homes Listing

by Simon Lindsay on Foreclosures

Homes taken over by banks and properties treated as part of a bank owned homes listing sometimes are not even owned by banks anymore. Or at least, that is how it seems if complaints from a number of homeowners were proven true.

House foreclosures by state continue to rise and Michigan is no different. Recently, a couple from Gowen filed a lawsuit against Deutsche Bank National Trust Co. for allegedly breaking into their property and stealing their belongings.

According to Sherry and Rick Rought, the house was sold to them by Deutsche. It was a foreclosed property and the Roughts purchased it for their daughter. The couple stated that they paid for the home in cash, made some repairs and made a gradual move-in to the property.

The family revealed that six months following the purchase, they came home and saw a note tacked on the door of the house from a trash out firm, with the doors broken into. The locks of the property were allegedly changed and some of the family’s possessions were gone.

The Roughts complained that the house is not part of Deutsche’s bank owned homes listing anymore since they have already purchased it, but the bank, the couple revealed, treated the property as if it is still a foreclosed one.

According to local reports, the couple had reported that certain household items, including a dining set and curtains, were taken from their home. The Rought family filed a report with the Michigan State Police, but the investigation stalled due to lack of response from Deutsche and the third company that maintains the house.

The case of the Rought family is supposedly just one example of such occurrences in the country, where properties purchased from banks are being treated as pre foreclosures or foreclosed homes despite the fact that owners have already paid for the homes.

Local police reportedly failed to get a reply from messages sent to Deutsche Bank and the maintenance company for the property, Field Asset Services. The latter allegedly broke into the property two other times and treated it as foreclosed.

The Rought family experience is supposedly similar to several others reported around the country where financial institutions treat properties as if they are still on their bank owned homes listing even after homeowners have purchased these houses.