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.
Monday, August 27, 2012
Indiana AG Extends 'Hoosier Hospitality' To Aggrieved Out-Of-State Consumer w/ Civil Suit Targeting In-State Outfit Allegedly Running Loan Mod Racket
In Indianapolis, Indiana, WISH-TV Channel 8 reports:
A local business that took $1,200 from an out-of-state consumer and failed to provide a home-loan modification or refund is now facing a state lawsuit.
Indiana Attorney General Greg Zoeller said the lawsuit was filed against Statewide Federal Assistance Corporation headquartered in Carmel and its owner Ashley Grant.
The company collected money upfront from a Washington state resident and then failed to obtain the promised home-loan modification, according to a complaint.
"This is a unique and rare case because it involves an Indiana company taking advantage of an out-of-state homeowner - the opposite of what we regularly investigate," Zoeller said.
"I believe that's because Hoosier hospitality is not extended to scammers and illegitimate businesses. This lawsuit highlights our ongoing mission to pursue those operating within the state's borders that intentionally deceive consumers."
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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