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 16, 2013
$500 Meth Inspection Helps Prospective Buyers Dodge Costly Bullet; Test On Recently Foreclosed Home That Was Since Fully Renovated By New Owner Reveals High Level Of Contamination
In Lynnwood, Washington, KCPQ-TV Channel 10 reports:
A local family has a warning for home buyers after nearly purchasing a home contaminated with meth.
Kendall and Ryan Appell put an offer on a home in Lynnwood that had been completely renovated with hardwood floors, stainless steel appliances and granite countertops.
The home used to be a rental property, went into foreclosure and then was bought at auction. The Appells started talking to neighbors and what they heard raised some red flags.
“One neighbor made a mention that the people lived there before may have been into some shady dealings. He even said it might have been a drug house at some time,” said Ryan Appell.
The Appells decided to hire a company to test the home for meth contamination.
Theresa Borst, of Bio Clean Inc., swabbed inside vents, cabinets, and a wood stove in the Lynnwood home and found dangerously high levels of meth contamination throughout the house. The acceptable level in the state is 0.1 micrograms per 100 cubic centimeters. The home registered at 30 micrograms in some areas.
“All of a sudden it was like if we stayed here, we could die. Our dog would live about six months and would die because of the levels of chemicals in this place,” said Ryan. “We’re a married couple and the thought of in the next five to 10 years bringing kids into that house was pretty terrifying, so I feel like we lucked out to get out of it when we did,” said Kendall.
Had they gone through with the deal, contractors said, the Appells might have had to spend up to $100,000 stripping the house to the studs and rebuilding it to make it livable. They said the $500 they paid for the testing was well worth it.
Borst said of the foreclosed properties they test, 90 percent come back with meth contamination. Borst said it’s wise to contact the health department and local police to see if there is any history of drug manufacturing or use.
Just like with the Appells, it’s a great idea to talk to as many neighbors as you can, too, about the former tenants.
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)
<< Home