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.
Wednesday, August 08, 2012
Contract For Deed Ends In Tug-Of-War For Title To Premises; Seller Refuses To Hand Over Title To Dead Buyer's Estate, Pockets $35K+ In Overpays: Suit
In Jefferson County, Texas, The Southeast Texas Record reports:
An area resident is accusing a Beaumont couple of failing to hand over the deed to a property that was paid for by the man's benefactor.
Glen Brantley, as executor of the estate of Earl Brantley Jr., filed suit against Cristeto and Canlas Polvorosa on July 24 in Jefferson County District Court, seeking to take possession of the property of question.
According to the lawsuit, Earl Brantley Jr. entered into a contract for deed agreement with the defendants. All payments required were made, including an overpayment of $35,225.85.
However, the defendants refuse to provide the plaintiff with the deed to the property, racking up $682,500 in statutory penalties.
The suit accuses the defendants of breach of contract, violating the Texas Property Code and promissory estoppel. The plaintiff is suing for actual damages, a refund of the overpayment and declaration that plaintiff is the legal titleholder of the property.
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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