Big Banks' Foreclosure Servicer Accused Of Illegal Break-Ins

By Sindhu Sundar (September 10, 2013, 5:54 PM EDT) -- A property management firm hired by major banks and mortgage servicers for foreclosure services work frequently kicks out legal residents from their homes by locking them out, turning off their utilities and damaging their personal property, the state of Illinois alleged Monday.

In a complaint filed in state court, the state's attorney general Lisa Madigan accused Safeguard Properties LLC, the country's largest private mortgage field services provider, of resorting to illegal intimidation tactics to drive away residents of homes facing foreclosure, even when there is proof that the residents are legally staying there.

Illinois law allows homeowners defaulting on their mortgage...

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