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
Son: 'BofA's Breaking Law By Giving My Elderly Mom The Boot From F'closed Home!' Bankster Accused Of Ceasing Rent Collection, Sending Eviction Notice
In Porterville, California KSEE-TV Channel 24 reports:
On a typical morning, you can find Eve Ball outside her Porterville home, sitting on the porch, sipping coffee, listening to wind chimes. Eve Ball said, "It's been my home ever since my husband past away."
That was 11 years ago. Her son Barry bought the home for her. Three years later he sold it and negotiated a 10 year lease for his mom with the new owner.
In October, the owner foreclosed. Bank of America took over, stopped accepting rent and sent Eve an eviction notice. Barry Ball said, "It's somewhat ironic that we as taxpayers bailed Bank of America out in the first place and now they're not keeping up to their end of the bargain as promised."
Eve took the fight. Her attorney, Alex Reed-Krase claims the bank is breaking federal law. The Protecting Tenants at Foreclosure Act of 2009 to be exact. "Tenants have a senior interest and banks can't just kick them out...they have to live out their lease," he said.
In court, bank attorneys said the law shouldn't apply in this case. The judge heard both sides and said he'll make a decision soon. Until that happens, Eve says she's not going anywhere, "I think this may help someone else going through this I hope."
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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