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
Residents In Rapidly-Deteriorating Mobile Home Park In Foreclosure Face Loss Of Homes Over Lot Lease Misunderstanding
In Niagara Falls, New York, WIVB-TV Channel 4 reports:
A Niagara Falls mobile home park right next to the outlet mall has been the scene of one Call 4 Action complaint after another.
Back in August of last year, tenants responded with protests when they got notices saying the park would be sold. Then in June of this year the office was burned by an arsonist. Now, we've learned a demolition crew has been ripping through the park.
There are now more vacant lots and mobile homes at Sabre Park than those that have someone living in them. Some are empty because the owners were evicted. Other residents just left because of the uncertainty hanging over the park.
But some tenants are being kicked out. Not because they are behind on the rent, or because their homes are dilapidated, but because they didn't sign a new lease.
Margaret Peters said, "They never said you have to sign it to stay here. So we did not sign it, and I figured I would still go on a month-to-month basis, just like I have all these years."
Peters told News 4she has lived in her mobile home since 1976, when her parents owned the home. Now she uses a wheelchair and her son, Kenneth Mahon, is staying with her. She and her son's unit is so old it can't be moved, and they can't just up and start all over.
"We have nowhere to go," Mahon said. "I just don't know what to do anymore. It is causing so much grief in the household, and it is just so stressful."
Peters and her son are among the 70 or so tenants who were offered new one year leases from the park's owner, Sabre Park Associates, LLC. Many didn't take the offer seriously because just last summer, they were told new owners were probably going to kick them out anyway, leading to angry protests. Sabre Park Associates is in foreclosure and among the potential buyers is the owner of Fashion Outlets, next door.
Now Peters and her son want to sign a lease. "If I would have known I had to sign it, I would have signed it, but I didn't know I had to sign it because I've never signed one since 1976," Peters said.
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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