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
Miami Woman Loses Home Of 40+ Years After Being Scammed In Home Improvement Ripoff
In Miami, Florida, WPLG-TV Channel 10 reports:
From the driver's seat of her large forest green sedan, Angela Samuels looked on her parents' modest pink-hued Liberty City home with a glazed expression Wednesday. Fellow community activists picked from the pile of belongings scattered across the front lawn and placed them in the car for her. There were buckets stuffed with clothes wedged into the trunk and back seat.
After years of fighting her eviction, Samuels seemed a bit stunned that this is how it would end. Maybe her optimism kept her from ever processing this possibility, that she would be kicked out of the home she's lived in for more than 40 years.
Samuels' problems started after her parents died. According to Occupy Miami community organizer Kevin Young, her parents didn't leave a will, and so the home ended up in probate.
At the time, he said, there was a mortgage of $7,000, and while Samuels was trying to work out a loan to pay off the debt, she said someone duped her.
A man promising to help her fix up the home conned her, she said, into taking equity out of the home, and then he vanished with the cash without making any improvements. Now faced with a loan bigger than she could afford, Samuels was stuck and her family home was in jeopardy.
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Samuels said her father was a pastor, and her mother a missionary. That home was the community's home. Those in pain, those who were homeless, those who needed a meal, she said, all knew they could come to 1740 NW 46th St. That's why her favorite room was the "great room," the big room in the front where everyone would come and hang out, in some cases crash for the night.
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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