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.
Sunday, May 27, 2012
Suspected Connecticut Foreclosure Assistance Scammer Feels The Heat, May Be Readying To Bolt Town; Victims: Target About To Take 'Extended Vacation'
In Wethersfield, Connecticut, NBC Connecticut reports:
A local attorney told the Troubleshooters more people have come forward to blame a Wethersfield business for their foreclosures. Attorney Manny Suarez now represents six clients with complaints about Deowraj "Deo" Buddhu.
Court documents describe Buddhu as running a scheme that promises customers who often don't speak English well access to a supposed stash of federal money that can help pay off their debt. Court records say Buddhu collects thousands of dollars from his customers and tells them to stop paying their mortgages.
The result, according to court papers, is that customers like Heddy Arcos-Torres of Hartford never see a dime and they wind up in foreclosure. [...] Suarez said the government money fund is fictitious and that Arcos-Torres is one of 200 alleged victims. A judge has since vacated the foreclosure judgment against Arcos-Torres, which means she and her husband will be able to modify their loan and stay in their house.
The Connecticut Office of Chief Disciplinary Council investigates the unauthorized practice of law. The office said it has received complaints about Buddhu. Buddhu spent time in jail for forgery and in 2008 both he and his daughter, Sunita, were permanently barred from preparing tax returns for others.
***
The Wethersfield Police Department cannot confirm or deny it is investigating Buddhu.
According to customers, Buddhu is now telling people he's about to take an extended vacation. Buddhu did not respond to our repeated requests for comment, only to say on the phone "if you want to believe what they are saying" before our call was disconnected.
For the story, see More Foreclosure Victims Come Forward (More people are coming forward after the Troubleshooters first reported on a Wethersfield business).
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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