There’s a whole bunch of vacant REOs out there, and an ever growing number of homeless people.  There are advocacy groups out there now who are helping the homeless become squatters: [Thanks L!]

MIAMI — When the woman who calls herself Queen Omega moved into a three-bedroom house here last December, she introduced herself to the neighbors, signed contracts for electricity and water and ordered an Internet connection.

What she did not tell anyone was that she had no legal right to be in the home.

Ms. Omega, 48, is one of the beneficiaries of the foreclosure crisis. Through a small advocacy group of local volunteers called Take Back the Land, she moved from a friend’s couch into a newly empty house that sold just a few years ago for more than $400,000.

While squatting is not legal, Take Back the Land operates in the open and works to have "responsible squatters":

Take Back the Land has had to compete with less organized squatters, said Max Rameau, the group’s director.

“We had a move-in that we were going to do one day at noon,” he said. “At 10 o’clock in the morning, I went over to the house just to make sure everything was O.K., and squatters took over our squat. Then we went to another place nearby, and squatters were in that place also.”

Mr. Rameau said his group differed from ad hoc squatters by operating openly, screening potential residents for mental illness and drug addiction, and requiring that they earn “sweat equity” by cleaning or doing repairs around the house and that they keep up with the utility bills.

“We change the locks,” he said. “We pull up with a truck and move in through the front door. The families get a key to the front door.” Most of the houses are in poor neighborhoods, where the neighbors are less likely to object.

This is a video interview on CNN with Rameau of Take Back the Land last December:

 

It seems like there should be a better way. There are homes that even the lenders don’t want, and folks who could really use a roof over their heads.  It would be nice if there were a legal way to bring them both together.