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, April 28, 2012
Foreclosed Couple Cop Guilty Pleas On Charges Of Removing, Vandalizing $20K+ In Fixtures From Former Home
In Stockton, California, The Record reports:
A Stockton couple pleaded guilty to stealing and vandalizing more than $20,000 worth of fixtures from the home they lost in foreclosure. Greg Alan Wright, 41, and his wife, Sandy Wright, 48, were in default on their two mortgages for nearly two years and were unable to sell their home in a short sale, selling the home for less than the loan amount.
Greg Wright was sentenced to five years' felony probation and 270 hours of community service after pleading no contest to removal of attachments or fixtures from mortgaged or encumbered real property, a felony that carries a maximum prison term of three years. He also pleaded guilty to a vandalism misdemeanor.
Sandy Wright was sentenced to three years' probation and 270 hours of community service after pleading no contest to a vandalism misdemeanor.
Real estate fraud prosecutor James Lewis said homeowners risk criminal prosecution if they vandalize the home or take the fixtures once it is no longer theirs.
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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