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.
Sunday, May 19, 2013
Elderly Homeowner On Verge Of Losing Mortgage-Free Home Over $4K+ In Back Taxes Saved By Good Samaritan; Senior Says Tax Bills Sent To Wrong Address
In Miami, Florida, WSVN-TV Channel 7 reports:
An elderly woman on the verge of losing her South Florida home received the best Mother's Day gift after a Good Samaritan came to her rescue.
Thousands of unpaid property taxes almost caused Thelma Turner to lose the house she has called home all her life. "We grew up in that house," said Turner, "going to school, senior high school, all the neighbors know us and stuff."
An unexpected gift gave Turner a second chance. "Now we're going to pay your house off," said foreclosure specialist Luis Valdeon. Turner had gone to foreclosure specialist Luis Valdeon for help. Turner could not come up with the money she owed to save her home.
Valdeon paid off the back taxes of more than $4,000. Valdeon called it a late Mother's Day gift and a reverse birthday gift for him. "For me, to give her my birthday is the same as they give it to me. It's the same thing," said Valdeon.
Turner's home was built in the 1930s and purchased by her grandmother in 1961. The home's mortgage was paid in full. Valdeon said no one should lose their home over unpaid taxes. "You imagine losing a free and clear house? The system really doesn't work," he said. "If you've been working in this country for 65 years, don't you think that people can not afford... can't they give them like a break?"
Turner said she did not receive a tax bill since 2009 because it was being sent to the wrong address. She found out about the tax debt though a notice that her home would be auctioned. "Never, never, never, as long as I live and God is my witness, I will be in this situation again." she said.
Turner hopes the house will remain in the family and plans on passing it on to her son Brandon.
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