Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Saturday, December 03, 2011
Lawsuit: Lawyer Pocketed 50% Of Client's Home Sale Proceeds; Refuses Requests To Fork Over The Cash; Won't Talk To Now-Former Client
In Galveston, Texas, The Southeast Texas Record reports:
Frederick W. Fournier seeks to have a local state district judge compel a Friendswood attorney to release funds he accumulated during previous divorce proceedings, recent court documents say.
Fournier's lawsuit requests Galveston County 10th District Court Judge David Garner grant a temporary restraining order barring defendant Kevin M. Prendergast from withholding $70,250.
Court papers, which were filed Nov. 16, state the plaintiff hired Prendergast to represent him in his divorce from his wife, Michele, in the Harris County 309th District Court. It was during the pendency of the divorce when Fournier sold and closed on a home he owned in the same county.
The proceeds from the transaction were sent to his spouse, who then delivered the entire amount to her attorney for safekeeping awaiting the disposition of the case.
The original petition shows the litigants obtained a court order calling for one-half of the funds that lawyer Anson Phipps was holding to be allocated to Prendergast.
The divorce suit was dismissed for want of prosecution and has been reinstated though the complainant and his wife are trying to reconcile, however, the defendant failed and refused to pay Fournier the money in dispute, the suit says.
Fournier adds "the respondent has now blocked the plaintiff's calls and has refused to talk with the plaintiff, and has been and continues to be evasive."
In addition to the amount in question, he seeks the defendant's disbarment.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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