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
Pair Pinched In Alleged Attempt To Reclaim Home Lost In Foreclosure; Removed New Owner's Stuff From Premises After Breaking In, Changing Locks; Written Apology Saying They Believed Bank's Actions Were Unwarranted Led To Arrest
In Yavapai, Arizona, The Arizona Republic reports:
Two men were arrested [] on suspicion of theft, burglary and criminal damage after they are accused of attempting to reclaim a home just outside of Prescott and removing all of the legal owner’s property from the home, according to the Yavapai County Sheriff’s Office.
Authorities said the men, identified as Brent Ten Pas, 57, and Steve Armstrong, 60, are suspected of putting up signs reading “Private Property/No Trespassing” around a home in the 300 block of Marapai Road in Gloom Creek, which were noticed by the legal homeowner on Feb. 15.
The homeowner purchased the home from the bank in August 2012, furnished the home and was using it as a secondary residence, according to the Sheriff’s Office. The homeowner went to residence on Feb. 15 and found the signs.
According to authorities, a note on the front door directed the homeowner to vacate the property immediately and warned that any remaining furniture would be placed in storage and further access would be considered trespassing. The note was signed with Ten Pas and Armstrong’s names, according to the Sheriff’s Office.
The men had apparently boarded up the home, installed a security camera, changed the locks and placed the victim’s belongings in a Prescott Valley storage unit, authorities said.
Sheriff’s Office deputies discovered that Ten Pas and Armstrong had been ordered to leave the home in February 2012, as it had been foreclosed upon by the bank, according to the Sheriff’s Office.
On Feb. 21, the victim received a letter from the two men which included an apology and explained that they believed the foreclosure was unwarranted, stating that the victim “had just bought a stolen car,” authorities said.
Deputies obtained warrants for Ten Pas and Armstrong on Feb. 28, at which point they were arrested.
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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