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, July 28, 2012
Remaining Residents In Failing 20-Unit Condo At Risk Of Getting The Boot After Being Belted With $47K+ Overdue Water Bill, Shut-Off Notice
In Warrensville Heights, Ohio, WEWS-TV Channel 5 reports:
Owners of the Clarkwood Townhouses #3 in Warrensville Heights were issued a shocking piece of news, their homeowners association is more than $47,000 behind on their water bill.
To make matter worse, the Cleveland Division of Water sent them a notice that their water is scheduled to be turned-off on Aug. 10, if payment arrangements aren't made soon.
Townhouse owners like Gloria Davis told NewsChannel5, many will lose their homes if water service is interrupted. "If the water is shut-off here, that would become a medical emergency crisis," said Davis. "We have seniors living here, we have children living here."
Davis and other tenants said they were not aware their association water wasn't being paid over the past three years, and blame their former management company, and association board for the massive total.
The huge water bill was also caused by a growing number of association members not paying their monthly dues, and going bankrupt. NewsChannel5 confirmed 12 of the 20 units on the property are now vacant, many of the unoccupied units are in foreclosure.
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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