"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK
Showing posts with label Earl Family. Show all posts
Showing posts with label Earl Family. Show all posts

Saturday, October 16, 2010

Judge orders the Earl Family to Vacate Foreclosed Home

Jim and Danielle Earl and their nine children
have a week from Monday to pack up and leave,
according to Brian Troop, president of
Troop Real Estate Inc.,
(stay tuned for Dylan Ratigan next week....sparks are going to fly)

By Stephanie Hoops
Ventura County Star
10/15/10

A Simi Valley family who took their attorney’s advice to disregard a court’s ruling and move back into their foreclosed home was ordered Friday by Ventura County Superior Court Judge Barbara Lane to vacate the property.

Jim and Danielle Earl and their nine children have a week from Monday to pack up and leave, according to Brian Troop, president of Troop Real Estate Inc., the brokerage company that represented the investor who purchased the property at a foreclosure sale in January.

The Earl family’s lawyer, Michael T. Pines of Encinitas, told Lane the family would move back into the home, Troop said.

“When he was ruled against he said right in front of the judge we’re going to move them back in afterwards.”

Pines does not deny the family intends to return to the house because he said the judge ordered them to leave, not to leave permanently. The judge denied a permanent injunction.

“I do not dispute the judge said they have to leave the home,” he said. “If the sheriff comes they have to leave, but they can go back in. She specifically denied them any order that they have to permanently leave.

“I would characterize it not as a vigilante but as unusual,” he said. “The banks have a very effective propaganda machine and have brainwashed everybody into thinking property owners are wrong.”

He’s urging his clients to push back against foreclosures — and the Earl family is not the only one. On Tuesday, Pines prompted an Escondido family to use force to get back into their home. On Wednesday, Pines and another client were arrested in Newport Beach for trespassing when they broke into a house there.

Asked about the Newport Beach arrest, Pines said: “We will be filing a legal action, potentially a class action, against the city, which I really regret.”

Ventura lawyer Michael Sment — the chairman of the Ventura County Bar bankruptcy section who teaches business law and real estate at Oxnard College — said he recently discussed Pines’ actions with some local judges.

“Anybody that’s experienced is pretty shocked by what he’s doing,” he said. “The attorney is not local, and I don’t know why somebody would try to offend a judge, but that’s what he’s doing.”

Sment believes the 50 attorneys general nationwide who are gearing up to probe improper foreclosure practices are the proper officials to be dealing with the situation.

“We don’t allow people to just break in and take property just because you think it’s yours,” Sment said. “If we allowed people to do that in California or the United States, we would have complete chaos and anarchy.”

The Earls used a locksmith to help retake their house Oct. 9, and the Simi Valley Police, who were there, did not intervene. But Troop hopes that won’t be the case if it happens again. Troop said he met with the city attorney, city manager and Simi Valley Police Department Friday to discuss the situation.

“They are going to be a little more proactive,” he said. “They recommended that (the investor) get a restraining order against (Pines), so they are in the process of consulting with their attorney to accommodate that.”

Simi Valley Police Lt. Roy Jones was not at that meeting but said “certainly if we’re called out to a scene we’ll do whatever’s appropriate. We’ll do our best to enforce the law impartially.”

The Earls say they are victims of robo-signers, employees and lawyers of major lenders who filed faulty paperwork by robotically signing off on thousands of defaulted loans without taking time to fully review the files.

Troop said the Earls had ample opportunity to save their home from foreclosure but had not made payments for two years.

The Earl family bought the Simi Valley house in 2001 for $539,000 with a loan originating with First City Funding, dba Credit Corp. In 2005 they refinanced with an $880,000 loan. In February, the trustee’s deed upon sale indicated unpaid debt with costs on the property just over $1 million.

The investor, Thousand Oaks-based Conejo Capital Partners LLC, spent $697,000 to purchase the house and another $40,000 to remodel it, Troop said. The two-story house in the 5800 block of Mustang Drive has nearly 4,000 square feet, six bedrooms and 4.5 baths.

Another family had scheduled to close escrow Monday and was getting ready to move in, but has since backed out of the deal, Troop said.

“They’re afraid these people will keep coming back and breaking in over and over again, and they have three small children and don’t want to put their children at risk,” he said.


Special thanks to Vigilant Grandpa reader and commenter Todd Uebele for the head's up on the judges order.









Friday, October 15, 2010

Danielle Earl shares her family's foreclosure experience with Dylan Ratigan

Dylan Ratigan affords Danielle Earl a venue to share her exeprience with her family's foreclosure experience prior to breaking in to their foreclosed home. The Earl family did in fact fall behind on their mortgage payments however after making a larger payment in an effort to catch up, their total outstanding balance according to the bank increased.


Thursday, October 14, 2010

Evicted family breaks into their former house, recommended by their lawyer

HAS THE WORLD GONE NUTS...
or JUST THE U.S.?

By: Emily Peck
The Wall Street Journal
10/13/10
One of the long-shot outcomes of the current foreclosure mess could be a chaotic scenario in which people fight to get their foreclosed homes back.

Enter the Earl family in Simi Valley, Calif. Over the weekend, Jim and Danielle Earl reportedly took their nine children, ages 9-23, and a locksmith and broke into the six-bedroom house they used to call home. The move was recommended by their lawyer, according to a story on Aol’s HousingWatch.com.

Police officers were on hand when the Earls changed the locks Saturday but did not intervene, the Ventura County Star reports.

The Earls paid $500,000 for the house in 2001 and then refinanced to pull out cash. They fell behind on their mortgage and at the time of their eviction they owed about $880,000 on a no-interest mortgage.

Investors at Conejo Capital bought the house for $697,000 at a lender’s trustee sale and put $40,000 of work into a remodel, replacing carpeting and appliances, as well as upgrading the kitchen. They flipped it to new buyers for $800,000. Those buyers were supposed to move in this week; those plans are on hold.

The Earls claim that they were working with GRP Financial Services to catch up on payments, but discovered a $25,000 difference between what they believed they owed and what the bank said they owed. They then stopped making payments.

“This is only the beginning of this,” the Earls’ attorney, Michael Pines tells KABC News. “I chose this family because we needed to get back in before the investor and the real-estate broker defrauded a new family by having them move in, which would have created a bigger mess. (The Earls) have done absolutely nothing wrong.”

The Earls say it’s unclear who owns the loan. Foreclosure documents list GRP Financial Services. HousingWatch says that the original lender was Washington Mutual Bank which became JPMorgan Chase. The loan went to Bank of America on the same day that Chase sent the homeowners a notice of default. The Earls argue that Chase never properly assumed the loan and thus did not have the right to sell it off. And in turn, the investors, Conejo Capital Partners, did not properly purchase the property.

“They broke in and are proceeding to squat in there,” listing agent Chris Garvin of Troop Real Estate, tells HousingWatch. Mr. Garvin bought the home on the courthouse steps on behalf of Consejo.

The family’s attorney disputes that. “They may claim we’re violating the law,” he tells the Ventura newspaper. “We’re claiming they violated the law. Typically the authorities will say this is a civil dispute, but the question is, who owns the home? Because whoever doesn’t is trespassing.”