In Foreclosure? Don’t Strike That Match!

30 Oct In Foreclosure? Don’t Strike That Match!

It should come as no surprise that the number of house fires have increased greatly over the last year. Whether it is homeowners trying to save on the high cost of home heating from last winter or homeless occupying vacant homes, or the victims of ‘mischief night’, fire departments have been kept busy recently. However, the largest segment of home fires appear to be arson set by homneowners in foreclosure or former homeowners who have already lost their home to foreclosure. The trend can be seen from Pasendena, California in an arson/suicide to aFort Wayne, Indiana fire hoping for an insurance payment to a Meriden, Connecticut exacting revenge on the foreclosing bank.

The cost of setting fire to your foreclosed home has much greater costs than burning a structure. Beside losing your life, there are the lives of the firefighters or other first responders to consider. Criminal charges can lead to a lengthy jail term for felony. Neighbors are harmed not only in risk to their lives, loss of their property to the spreading fire or additional loss of value in their home due to a burned house that was foreclosed. There are pets and children to consider as well.

State and local governments have been warned by experts to keep an eye out for increased arson cases as the onslaught of foreclosures continue. Desperate times cause desperate acts of suicide/murder, insurance fraud and wholesale destruction of property. As bad as it seems, no house is worth it.

“ConnecticutGene Melchionne is a bankruptcy lawyer covering the entire State of Connecticut. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.

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