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, May 19, 2012
Jury Convicts Suspect On 34 Counts In Home-Hijacking Racket That Commandeered Possession Of Vacant Homes, Then Rented Them To Tenants
In Cobb County, Georgia, WSB-TV Channel 2 reports:
A Cobb County jury convicted a man accused of taking over homes on the verge of foreclosure and renting them to unsuspecting tenants. Jurors found John Harris, the CEO of New Life Granted, guilty of 34 counts, including racketeering, burglary, theft, forgery and criminal trespass. It’s believed there were more than 20 victims in the case.
Harris testified on his own behalf [], stating that his company would find homes that looked abandoned take them over and then move in their own tenants. His company promised to help people facing foreclosure by restoring their credit and finding them a place to live – the abandoned homes.
***
Police discovered what Harris was doing when the real homeowners showed up. Harris said that’s when he’d remove his signs and move tenants out of the home.
Harris told jurors that he started to have second thoughts about his business model, but prosecutors said that only came after he placed tenants and collected rent. “I no longer felt comfortable taking over the houses as I was, so I was making a more concerted effort to get quit-claim deeds or leases,” Harris said. Four other people were charged in the case.
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)
<< Home