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 23, 2012
Landscaper's Screw-Up Drives 200 Seniors From Their Homes; Damage To Gas Line Triggers Fire, Forcing Residents To Live Out Of Their Suitcases
In Lyndhurst, Ohio, Newschannel 5 reports:
A large group of Lyndhurst seniors have been living out of a suitcase for nearly three months, after a fire struck their apartment complex in late March. Many of the residents who call the Sherri Park Apartments "home" are wondering when they will finally be able to return to their units.
"We've had so many different dates, we don't know when we're going to get back," said Sherri Park resident Betty Hersch. "We were told June 15, then June 18, then June 28. Now nobody knows."
The fire started at the complex after a landscaping company hit a gas line just outside the building. Fortunately, there were no injuries, but residents have been forced to live in temporary accommodations at the Homewood Suites Hilton in Beachwood for 11 weeks.
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Mayor [Joseph] Cicero believes delays in building repairs have been caused by insurance and legal issues surrounding the fire. "This is between, the gas company, the contractors and apartment management," said Mayor Cicero. "There's a boat load of lawyers on either side."
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[Tenant] Les Checel and other displaced seniors can only hope their insurance coverage will hold-out, and keep them off the street. "I would encourage them to do whatever it takes to get the building inspected and make it ready for occupancy, so people don't have this cloud hanging over their heads as to what their future holds," said Checel.
Three thefts were reported last week at the Sherri Park Apartments, from where many residents were evacuated and eventually moved to temporary housing after a fire there in late March.
A gold coin valued at $10,000 and jewelry valued at about $3,000 were reported stolen June 12 from one apartment. On June 13, jewelry valued at $400 and a can of coins valued at $350 were reported stolen from another unit, and June 16, a $1,400 laptop computer and about $200 worth of coins were reported stolen from a third residence.
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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