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.
Thursday, June 18, 2015
77-Year Old Stepmom Accused Of Covering Up Sale Of 12-Room, $17.5M Big Apple Pad In Attempt To Dodge Having To Split Profit With Step-Daughter; Senior Agreed To Cough Up 50% Of Sale Profit To Settle Earlier Suit Saying She Tricked Hubby Into Signing Away Control Of Apartment To Her
In New York City, the New York Post reports:
Actor John Leguizamo’s mother-in-law is covering up the sale of her $17.5 million pad on the Upper West Side to keep her stepdaughter from a cut of the profits, a court filing claims.
Rona Maurer — whose daughter, Justine, is married to Leguizamo — is allegedly violating a stipulation agreement by refusing to notify stepdaughter Lisa Bishop that she is in contract with a buyer for her 12-room apartment in the luxury San Remo building.
In a Manhattan Surrogate’s Court filing, Bishop’s lawyer claims he became aware of the pending sale only when a pal told him.
Maurer, 77, is allegedly keeping mum on the sale so she doesn’t have to give Bishop 50 percent of the net profits, as called for by a 2013 stipulation agreement.
That agreement marked the end of an eight-year lawsuit that began when Maurer’s husband sued her, claiming she tricked him into signing papers handing over control of the apartment.
Both Bishop ’s and Maurer ’s lawyers declined to comment on the petition..
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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