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, December 10, 2012
Phoenix Renter Out $500 After Stumbling Into 'House Sitting' Scam That Purportedly Offers Cheap, Short Term Rentals Of Vacant Homes In Foreclosure
In Phoenix, Arizona, KTVK-TV Channel 3 reports:
A Phoenix woman said she thought she was getting a great deal on a rental home, but the deal turned into a financial loss. She lost $500 over the whole deal.
Nicole Abreu said she was looking for a house to rent and came across a Craigslist ad indicating Valley homes for rent for as little as $500 with no credit check. Just move in.
Abreu said she called and eventually met with Sydnee Bollwinkel and even gave her $500 for a home that was reportedly available in Glendale. "We were trying to find a place that was big enough for all of us," Abreu said.
But, after forking over $500, some guy claiming to be Bollwinkel's assistant called her. "He was like, 'Oh, we made a mistake, that house has been rented so you have to pick a new one,'" Abreu recalled. Abreu said she tried but Bollwinkel never responded to her and she remains out $500.
After refusing to return 3 On Your Side's phone calls and emails, we showed up at Bollwinkel's doorstep in Gilbert, but she bolted and threatened to call the police.
According to paperwork Bollwinkel had given Abreu, Bollwinkel claims to run a company that works with a group of investors who allow her to rent out vacant homes that are facing foreclosure or short sale.
Tenants, like Abreu, are reportedly allowed to be "house sitters" for the vacant homes in exchange for cheap rent, at least until the homes sell or are auctioned off -- homes like the one in Glendale that Abreu was initially interested in for only $500 a month.
3 On Your Side went to that home and caught up with the actual owner of the house, who was shocked and said, "I've never listed this house for rent."
The homeowner told 3 On Your Side that his house at one time was facing foreclosure, but he was able to save his house and never moved out and he certainly never gave anyone permission to move in. "That's a pretty scary thought that somebody's trying to rent out my house without my knowing it," he said.
Bollwinkel and her husband, Derek, have been hot water before. In fact, an Avondale Police report details how "the suspects rent out a house, which they have no right to rent..."
Bollwinkel was never charged, but her husband was convicted and is currently on probation for the scheme.
Abreu said something needs to be done. By the way, Abreu isn't the only who says she lost money, other consumers have contacted 3 On Your Side with similar complaints. As for now, Abreu continues to look for a house to rent.
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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