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, October 20, 2012
Local Cops, Realtors Join Forces To Raise Awareness About Rent Scams Involving Vacant, Foreclosure Homes
In Naples, Florida, the Naples Daily News reports:
If it looks too good to be true, it probably is. In the wake of recent arrests of people charged with illegally renting and leasing foreclosed homes, the Collier County Sheriff's Office and Naples Area Board of Realtors are partnering to raise community awareness about rental scams so nobody becomes a victim.
Both agencies will take steps to warn the public to be wary of ads for rental homes or condominiums, but no further plans about the recent partnership geared toward educating the public were immediately released.
It's typical for the person behind the scam to post a notice on Craigslist, in local newspapers or on other social media sites advertising homes for rent, often using the legal owner's name in the return email address, according to a Sheriff's Office's statement.
David Spahl, a Collier sheriff's Organized Crime Bureau investigator, said deputies are being proactive about monitoring vacant properties and researching the Internet for suspicious advertisements. Spahl said the majority of the scams discovered during the summer were posted on Craigslist and originated in Nigeria.
In the summer, there were at least 15 victims of foreclosed home rental scams. "I'm reasonably certain there were more that we never learned about," Spahl 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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