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, April 27, 2013
Foreclosure Forces Reception Venue Shutdown, Leaving Dozens Of Brides Out Thousand$ & Without Place To Hold Weddings; Victims: Owner Knowingly Pocketed Upfront Deposits While Facing Imminent Boot
In Chandler, Arizona, KNXV-TV Channel 15 reports:
A local Chandler wedding venue closed its doors leaving dozens of brides out of money and out of a place to hold their wedding.
Inspirador, owned by Dilia Wood, emailed clients Saturday telling them they needed to shut down immediately, blaming a recent foreclosure for the problem.
According to the company's bank, Inspirador has had financial problems since 2011. The bank took over the bank last week.
Brides like Theresa Tanner aren't happy. Tanner has already paid for her wedding in full. It cost her $14,000 to host 170 guests at her wedding that's supposed to happen in 30 days.
"We have to cancel her honeymoon," said Tanner. She's doing that to pay for her wedding.
"It's the coldest thing you can imagine. This is the place where all my dreams would come true and this is the place that shattered them all in an email," said Tanner.
Tanner, along with 60 other brides received the same letter saying the company had to close it's doors immediately.
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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