Home Foreclosures News: Squatters Taking Up Residence in Foreclosed Homes

Yet another saga is confronting homeowners who are losing their properties to foreclosure across the country. Squatters are taking up residence in foreclosed homes across the nation; frustrating already weary homeowners.

According to a Seattle, Washington-based area news report:

. . . strangers move in and claim they can live there! It’s happening all over the country - people moving in to vacant homes claiming they’re abandoned.

Many of these homes are being rented out by unscrupulous property management companies under the guise that they have been “abandoned,” which is patently untrue and is also illegal.

If you’re looking to rent a home and want to prevent this happening to you, do some checking to make sure the home is not in foreclosure . . . and that the property managment company you’re renting from is indeed a legal enterprise and doesn’t have any charges levelled against it from the Better Business Bureau, for example.

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Copyright © 2010 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.