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, March 30, 2013
Failed Health, Safety Inspections Spell The Boot For Chi-Town Renters In Bank-Owned Apartment House; City Officials Give Few Days Notice, Threaten Police Presence If No Compliance
In Chicago, Illinois, WLS-TV Channel 7 reports:
Dozens of residents at a Chicago apartment building could be forced out of their homes later Wednesday. The city of Chicago says the building in the 1200-block of South Kedvale is not safe, but many people who live there say they will not have a place to go if the city kicks them out.
The city has a court order indicating the building fails to meet minimum standards of health and safety.
Tenants, however, say they were given only a few days' notice. They say they were not notified soon enough, and they were planning to challenge that court order Wednesday. If the city prevails, Chicago police could be called to force the residents out.
"Some guy came and gave us papers and said the building is being closed down. He said if we didn't leave, they were going to use police powers," resident Magdalen Ruffin.
"They still could've given us more time. They didn't have to give us three to four days. At least they can give us 30 to 60 days to get our stuff together and go," said Keesha Wilkins, also a resident.
North Community Bank is listed as the building's owner.
"A lot of people have paid up through the month. We don't know if it's a foreclosure. The man said he was the manager, then he said he was the landlord. A few of us did pay up through the month. They wouldn't give them time to get their money to get a U-Haul truck. They just said we've got to go," said Wilkins.
According to the court order, police could report to the building at 9:30 a.m. to remove the residents. The court hearing during which the tenants will challenge the court order was scheduled for 9 a.m.
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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