Has Your Mortgage Company Placed a Lock on Your Door
Believe it or not, a mortgage company or the bank can place a lock on your door, similarly to an apartment complex locking you out of an apartment for non-payment of your rent. Your lender has a financial interest in your property and they will protect it at almost any cost, even if it means locking you or anyone else out of the property. You can be allowed back into the property though. All you need to do is contact your mortgage company.
Mortgage companies lock homeowners out of their properties on a regular basis. The homeowners that tend to get lock out more often are the ones behind on their house payments. In fact, they are targeted more often. Mortgage companies are required by law to let you back into the property if the property has not been foreclosed on yet. There are legal steps required for foreclosing on any home. All you will need to do is make a phone call to the mortgage company, they will provide you with a code or get someone to open the lock for you so that you can get back into the home. They are not just going to unlock your door, your would need to call your lender and request to have a code to open the lock, or for them to send someone out to unlock it. They are not necessarily trying to lock you out of your home because you are delinquent or other similar reasons, but because they see the property as their investment. A property could be abandoned, so they do not want to take any chances and they lock it. If it is not abandoned they expect for you to call them up to have the pad lock removed, and it is done with no hesitation if the property has not been foreclosed on.
With foreclosures being at an all time high similar to unemployment, most homeowners that financially in over their head will just leave their property once they have become too overwhelmed with their mortgage delinquency. A neighborhood with a high rate of foreclosures and vacant homes with often have a high rate of vandalism and crime. Criminals will sometimes move into vacant homes and carry out down right illegal activities in those vacant homes. Mortgage companies are aware of the activities that can take places in their vacant properties, and they try to mitigate any losses as much as possible.
