Well, there is a little shade of gray here.
The bank is losing out because it now has people trespassing on it's property
without getting any money from it.

Of course, no one cares about the bank's plight because it is big and has money...
...I don't care about the bank either, but it is a valid point of view if someone does.

Yes, there is a shade of gray. One would hope that those caught in this situation would approach the bank, squeeze out the current mortgage holder who defaulted and assume the loan themselves. It might take some doing but the bank might be amicable to this.

The most common sense approach I have heard on this situation. I can't see the banks become landlords all of sudden since they are not set up for this. I think we would just see more of the same if you force banks into something they are not equipped to handle.

Thank you for proving my point. He isn't a real law enforcement officer, no wonder he didn't blindly and zealously toss those good for nothings in the street. This explains why he showed some sense of decency. Someone needs to make sure people who hold this position get proper indoctrination so they stop viewing people as human and instead see them as the criminals they are.

You're there when I call? Get over yourself, having a good insurace policy and a big bench press provides safety, not some cop somewhere writing a ticket. Just an FYI, my dad is now a police chief. He got me into lifting weights, why would I call some cop who is half my size. Calling the police for help these days results in more problems than it solves. I grew up around cops in the 1980's. They don't help anyone, those are BS PR lines they use in interviews. They get excited over beating up someone or wrecking their police cars. I got sick listening to story after story growing up about how they "trashed" someones apartment serving a warrant or how far they threw some niggger down some stairs. Now I am not loving the criminal per se, I have no love for rapists and child molesters. The thing you have to look at is, what constitutes being a "criminal" these days? 99% of the time it's bull**** stuff, fines, court orders, FTA's, tickets, suspensions. In this country we treat Joe Blow who did something minor like he is Charles Manson. The behavior of the police insures a steady stream of people who hate the police. I know it's cliche, but cops were either the bully in highschool or the person that got bullied. I saw it with my own eyes most of my life. My dad ran the academy as well. He said do you know "so and so"? I said I did and that we used to make him cry picking on him when we were 14. He said "he is in my academy and he is a good kid". I laughed my ass off, somone doesn't want to get picked on anymore.

This is the part where you retort with a "bad apple response, or isolated incidence" line.

If they have paid for this months rent then I agree with you. Otherwise their being allowed to stay is pure theft.

I read it as the tenents have paid on time all along. The person who has his name on the mortgage has defaulted. Not the tenents. They have upheld their contractual agreement. The mortgage holder has not. So, is it theft? It is not the tenents fault, they in good faith, paid on time. The middle man dropped the ball and pockets the money. Surely, if the tenents have been paying on time they would wish to continue. I think they should approach the bank and look to aquire the load on the building. THe middle man has to come up with the money he did not pay the bank.

Talk about gross generalizations...not even sure where to start with this one. :down:

Yeah but my point is that nobody goes from in good standing to repossession overnight. These tenants pay their rent from month to month, so at most the tenants would be being screwed out of the remainder of one months rent.

Now up here in New England most states have laws saying that the landlord, in this case the bank post repossession, have to give the tenants a months notice for eviction so maybe add another month to that, but no matter how you add it up the fact that the landlord didn't pay his mortgage is immaterial.

I do like your idea of the tenants taking over the payments though. That's something a smart banker should consider, especially in todays real estate market. Besides even if they sell the property in most cases a rental property with paying tenants is a good thing to a prospective buyer.