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 06, 2013
Squatter w/ History Of Getting The Boot Now Making Herself At Home In Vacant $400K Foreclosed REO Free Of Charge; Befuddled Miami-Dade Cops Fiddle
In Miami, Florida, WPLG-TV Channel 10 reports:
Neighbors claim a woman moved into home that was once for sale for $1.1 million in southwest Miami-Dade and has been living there for 16 months for free.
That home, located in the 34600 block of Southwest 218th Street, has since depreciated but is still worth more than $400,000.
"We paid good money for our home. She's not paying anything. It's ridiculous," said a neighbor who didn't want to be identified. "Why is she there living for free for [nearly] two years now?"
Police reports show a Kenia Souto has lived there since at least November 2011.
"She doesn't belong here," the neighbor added. "She just very rude and very mean. We don't need people like that. It's just very threatening when you pass by there."
Neighbors say Souto simply showed up with boxes early one morning and started unloading. "It was a red flag instantly," said the neighbor. "That's when my husband called 911."
Police reports show Souto answered the door for officers. She had keys, electricity, furniture, and the house appeared to have someone living in it, the report said. She told police she was in negotiations with a bank to buy the home, but couldn’t remember the name of the bank.
Miami-Dade police let her stay.
"She always provides them with some sort of bogus document," the neighbor claimed. "Something needs to be done."
According to records, $29,158 in property taxes are owed on the home. The original owner lost it during a foreclosure and now Mercantil Commerce Bank owns the home.
"Are you a renter here? Do you own the home?" Local 10's Ross Palombo asked at the front door. "I have no idea," Souto said. "Well, what are you doing inside the home?" replied Palombo. Souto offered no answer.
“Anyone currently occupying the home is not on the premises through any formal agreement,” the bank said in a written statement to Local 10.
The original owner, Ranchos Del Sol, tried ejecting Souto from the home in 2012 but gave up as the house was being foreclosed upon. "We had to stop [the lawsuit] because we were spending bad money," said a business associate who also didn't want to be identified.
Records show Souto was removed from a Miami property in 2004. She was also removed from a Coral Gables property in 2010.
Local 10 tried several times to get Souto’s side of the story, but she refused any further comment. The man she claims is her attorney did not return several phone calls. As it stands, Miami-Dade Police have neither tried to evict her nor charged her with any crime.
Neighbors see no end in sight as Souto shows no sign of leaving.
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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)
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ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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