
The term "trashing out" in the foreclosure world, refers to the process of entering a home that's been seized by a bank as part of the foreclosure process and then disposing of any of the contents that have been left behind by the home owners. "Trash out" crews literally go into a seized home and haul away anything that is left in the house.
"Trashing out" is not a pretty sight , though, because it literally involves throwing people's possessions and personal property into a dumpster or the local landfill. In a matter of hours, "trash out" crews can blast through a home and dispose of furniture, clothing, family photos, tools and children's games.
In the trash out world, a family's possessions are measured in cubic yards, not memories. Anything over 35 cubic yards of possessions to remove is considered a big job in the industry.
Imagine the injustice then when a home is wrongfully foreclosed on and seized by a bank that has no banking relationship with a homeowner and a "trash out" crew enters the home and disposes of all sorts of meaningful personal possesions. In a larger sense, wrongful foreclosures are the "trashing out" of the American Dream.
Banks are seizing American homes today at an alarming and unprecedented rate. Like a train running down the track, once a bank starts the foreclosure process it can be almost impossible to stop it. And, once a bank has "trashed out" a wrongfully seized home, there's no turning back. We want to hear stories from homeowners whose homes have been "trashed out" and from any former employees who worked on a "trash out" crew.
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I am sure they take great delight in raping a family's home and personal belongings, especially when they can find little valuables during the trashing.
I am going to re-post this article heading to my site with a back link so people can come here and read the whole thing. Thanks for pointing this out.