Squatting Homeowner Shames Bank into New Loan

By Chris Roberts
|  Wednesday, Aug 24, 2011  |  Updated 12:04 PM PDT
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Squatting Homeowner Shames Bank into New Loan

After pulling the bank's locks off of her old home herself, a squatter is getting legal after convincing her bank to finally modify the terms of the loan.

Tanya Dennis is finally home again. As in, she owns the house she's lived in for 27 years again -- after breaking into it and living there illegally following a foreclosure.

Dennis, 63, a former vice-principal at Oakland's Castlemont High, had been living in her old house in South Berkeley after a sherrif's eviction following Wells-Fargo's foreclosure on the property, according to The Bay Citizen.

Following a series of very public demonstrations -- from breaking back into her old house with aid of a locksmith to publicly confronting Wells-Fargo's CEO during shareholder meetings -- the bank finally agreed to change the terms of her loan that would allow her to return home.

A spokeswoman for the bank said that changing the money Dennis owes on the home from $484,000 to $365,000 had nothing to do with her efforts, but is because the bank "wants to keep homeowners in their homes." It's unclear why Dennis was kicked out in the first place if that's the lender's goal, but oh well.
 

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