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.
Tuesday, July 16, 2013
Acting On Homeowner's Complaint, Local Cops Bag Pair For Allegedly Using Forged Affidavit To Hijack Possession Of Vacant Home In Foreclosure, Then Pocketing Thousand$ By Duping Local Couple Into Renting It Out
In St. Louis, Missouri, KMOV-TV Channel 4 reports:
Two thieves are accused of stealing a house in north St. Louis, then collecting thousands of dollars after renting it out to a couple. Dwayne Ellis and Bertha Williams had no idea anything was fishy when they agreed to rent the house for $650 per month until the real owner returned six months into their “lease."
The actual owner of the north St. Louis house was living out of town following the foreclosure of this home earlier in the year.
“She went to the house and found, while it was supposed to be vacant, there as another family living there, so she contacted county police," Detective Andrew Soll said.
Police believe Clay Winston and Todd Edwards noticed the home was vacant and took over the occupancy. They allegedly forged an affidavit stating the actual owner granted them possession of the house. They then listed the house for rent and collected thousands that they had no right to legally receive.
Winston and Edwards were charged with forgery and stealing. “They broke in, changed the locks to locks they provided and since they had keys to the house, they were able to dupe the other woman and her family,” Soll added.
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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