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, November 23, 2014
Harlem Brownstone Targeted In Stolen Identity/Deed Theft Scam; True Owners Get Roped Into Lawsuit By Would-Be Buyer Who Made $90K Downpayment In Deal To Buy Property From Two House-Heisting Scammers
In New York City, the New York Post reports:
Con artists have tried to sell a $2.2 million Harlem brownstone they don’t own four times since September, the building’s fed-up owners told The Post.
And now the owners are fighting a lawsuit from a would-be buyer who made a $90,000 down payment to a lawyer representing the scammers — who used forged drivers’ licenses to impersonate the couple.
“This was a nightmare. The audacity was just amazing,” said Pamela Page, 58, who owns the landmarked Astor Row brownstone at 57 West 130th St. with her husband, Igor Jozsa.
The ordeal began in September when Jozsa, 69, visited the property — which the couple plans to renovate and live in — and found surveyors inside, who said they were doing work for “the new owners,” who planned to close in a few days.
Page said they contacted a lawyer for the “buyers” and learned that they had agreed to purchase the property from two impostors. The crooks tried three more times to sell the property, even changing the locks at one point.
A law-enforcement source said that such “deed theft” crimes are largely the work of a Russian organized-crime outfit based in Seagate, Brooklyn.
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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