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, June 16, 2012
Big Apple Homeowners: We're Gettin' Soaked By New Automated Water Meter Readers! Say They're Being Forced To Flush Away Cash To Dodge Lien Foreclosure
In New York City, the Daily News reports:
Maybe water is liquid gold. The city is on pace to collect a record $3 billion in water bills this year — even as the amount of unpaid invoices has soared to $582 million, the Daily News has learned. The sharp uptick is a 30% spike from the $2.1 billion collected from homeowners and businesses in 2008, according to data obtained via a Freedom of Information Law request.
But as the city touts the increased revenues, homeowners are complaining they’re getting soaked — and the new automated water meter readers are at the center of the controversy. The new devices, which cost $252 million to develop and install, are meant to more accurately measure the amount of water each household uses.
However, those who feel like they are flushing away their cash believe the meters are full of massive inaccuracies. Sonia Bender said her bill suddenly went from $500 to $700 up to $7,000 after an automated reader was installed in her three-floor Harlem building in 2009.
The home health aide hired a plumber to check for leaks at the beauty parlor and 99 cents store she rents to on the ground level. Nothing was found.
As her appeal was pending, the city put a lien on the place and threatened to foreclose on the property due to $19,000 in outstanding bills, forcing her to enter into a payment plan. Yet her bill continues to fluctuate wildly, with her latest three-month charge totaling $517.
“There has to be something wrong,” she said. “They say I used 1,000 gallons of water over a seven hour stretch last month but the beauty parlor was closed that day.”
Many feel Bender’s frustration: 10,266 customers officially disputed their bill last year, up from 7,788 in 2008. Public Advocate Bill de Blasio says the city is picking on the little guy. “We have homeowners facing foreclosure because of these botched bills,” de Blasio charged.
“We need to stop these liens and runaway charges now — and that starts with the city fessing up to the problem,” added de Blasio, a 2013 mayoral candidate.
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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