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The American Nightmare — Bankers breaking down the doors

Breaking Down The Doors

by digby

This home foreclosure fraud story gets more and more unbelievable by the day. The mortgage holders basically hired a bunch of thugs who don’t follow the proper procedures or have any of the necessary paperwork to intimidate people out of their homes. It’s one of the most amazing stories of the recession.

(Here’s an example of what’s happening to your fellow Americans every day.)

I wonder where all the property rights fetishists are on this? They are out in force when some town needs an easement for a new highway or a sewer but hired thugs literally breaking down your door and kicking you out of your home doesn’t seem to raise an eyebrow.

And while there has been some discussion of this in the national news, and politicians from the California Democratic congressional delegation to Senator Al Franken are calling for investigations, this has mostly been a Florida story so far, despite the fact that Attorney Generals in a number of states have suspended foreclosures.

This is a huge story, with people all over the country being caught in a bureaucratic nightmare from which they believe they have no recourse. (And in many cases the courts aren’t helping.) If homeownership is the centerpiece of the American Dream, for millions of people it’s now officially the American Nightmare.

Dday, who has been doing exceptional work on the foreclosure crisis in general, did some great reporting over the week-end on a group that’s trying to guide people out of the morass that’s well worth reading.

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