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, April 14, 2015
Lawsuit: Landlord Who Agreed To Give Tenant $500K+ In Two Installments To Get Him To Move Now Seeks To Stiff Estate Out Of 2nd Installment Due To Tenant's Intervening Demise
In New York City, the New York Post reports:
An Upper West Side landlord that offered more than half a million bucks to get a longtime tenant out of its building is refusing to pay up after the man’s death.
Walter Blomeyer lived for decades in his tiny studio at 350 W. 71st St., one of three adjoining single-room-occupancy buildings owned by Icon Realty Management.
Icon, which is planning to convert the building to luxury housing, offered $525,000 to Blomeyer if he hit the road — a deal he accepted, according a Manhattan Supreme Court lawsuit filed by his estate.
Icon modified the deal, paying Blomeyer the initial $300,000 and letting him live in one of the adjacent SRO buildings rent-free for a year before issuing the final $225,000, his estate says in court documents.
Boymeyer, who worked as a black-car driver, died in February of a heart attack, according to lawyer Ted Poretz. “This is bullying,” Poretz fumed. “There’s nothing at all in this agreement that says, ‘We don’t have to pay him when he dies.’ ”
A lawyer for Icon disputed the claims in the suit. “The agreement said nothing about his estate benefiting,” lawyer Mitch Kossoff told The Post. “His estate is entitled to nothing.”
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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