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, August 18, 2012
Tenants In 32-Unit Apartment Building In Foreclosure Battle To Hang On While Receiverships Fail; Lender Fiddles, Landlord's Whereabouts: Unknown
In Chicago, Illinois, AustinTalks reports:
More than a dozen tenants and community members called on BMO/Harris Bank last week to fix the “dangerous” living conditions in one of its Austin apartment buildings it foreclosed in 2008.
This is not the first time tenants of the 32-unit building, located at 5159 W. West End Ave., voiced their concerns about bedbugs, roaches, rodents, leaking ceilings and broken windows, among other hazards.
Since April, tenants living at the property held three press conferences and went to court multiple times but have yet to see any substantial changes. The building’s court-appointed receiver, which acts as its temporary landlord during the foreclosure process, changed twice since April.
A city-appointed emergency receiver, Community Initiative Inc., also stepped in mid-April to speed up pressing issues in the apartment complex, such as turning on the building’s utilities, replacing broken windows and fixing plumbing and electrical problems, according to the court order on April 10 provided by Chicago’s Law Department.
A representative with the current receiver, Peak Properties, said in a May court appearance that Peak Properties doesn’t have the money to correct the issues with building, AustinTalks reported.
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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