Investors breaking into Cape Coral foreclosed homes
CAPE CORAL, FL- Cape Coral police are investigating a "new" crime in the city.
Home investors paying people to break into foreclosed homes to check appliances and lighting fixtures and to search for Chinese drywall.
When banks release homes to go to auction, many are sold "as is".
Investors attempting to beat the system, break in to the locked up homes to determine if the investment is worth it."
Homeowner John Somers says the bank hasn't taken possession his home yet, even though it is scheduled for auction on Wednesday, March 31st.
Somers fears he will be held responsible for all the damage caused by unscrupulous investors.
Alejandro Valdes was arrested on Monday morning for tearing away aluminum hurricane shutters in an effort to gain entry to the home.
Less than 8 hours later, WINK News confronted one man who entered Somers' home illegally.
He admitted knowing that what he was doing was illegal and continued taking photos as we continued to video tape him.
Cape Coral police say the man will be charged with criminal trespass. Information on the case is being sent to the State Attorney's office for review.
More charges may follow.
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Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.