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.
Friday, June 19, 2015
Four Years After Sentencing, Dozens Of Victims Still Trying To Unravel Mess Created, Left Behind By Deed Thief Who Used Forged Documents To Steal 152 Dallas-Area Land Titles Worth $4M+; Scammer Currently Doing 20 Years In Slammer
In Dallas, Texas, FOX-TV reports:
It’s a scary reality for anyone who owns property — thieves are figuring out how to steal land without the owners knowing it. “It would make you mad if somebody takes something from you,” said fraud victim, Margaret Jennings.
Jennings says she still doesn’t understand how she lost her family’s land to a con artist. “I just don’t understand how he could go around town and get the deeds,” Jennings said.
She is talking about Norris Fisher. Postal inspectors say he stole properties by using phony documents, forged deeds and contracts with fake notary signatures.
“He would file deed after deed on the property using fraudulent notary stamps that he had made up. He would then often take out the mineral rights and separate that from the actual property. In many cases, those properties would be sold to different people even though he never even owned them,” U.S. Postal Inspector Amanda McMurrey explained.
Fisher filed 475 documents on 152 properties worth almost $4 million and $185,000 in mineral royalties — royalties collected if the land is mined and produces something of value.
Most of the lots were small and vacant, which is why he was able to continue this scam for so long.
Dozens of victims like Jennings are still trying to unravel the paper trail Fisher left behind. “I need a lawyer and I’m not able to get a lawyer. So, I went to the legal aide,” Jennings explained. She says the process to get her land back has turned into a long and expensive nightmare.
“Some of these land transfers have not been cleared up yet,” McMurrey said.
If you are a land owner, be on the lookout for any signs that someone might have stolen your property. “Make sure that you watch out for that tax appraisal notice. There is nothing more certain than death and taxes. And, if most of these victims had been aware that they had not received that tax notice, they probably would have found that the property had changed owners much faster,” McMurrey revealed.
“It still stays with me. It never leaves me… I’m still hurt over it,” Jennings said.
Fisher is currently serving a 20 year prison sentence and was ordered to pay more than $4.6 million dollars in restitution to his victims.
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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