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.
Wednesday, June 03, 2015
Incoming Landlord Heads To Court After Allegedly Being Sandbagged By Lawyer For Prior Owner Who Secretly Sneaked New Tenant Into Building On Eve Of Possession Transfer, Giving Her 15-Year, $600/Month Sweetheart Lease While Keeping Mum During Negotiations
In New York City, the New York Post reports:
A lawyer sneaked a former divorce client into an illegal sweetheart lease in an Upper East Side building and never told the incoming landlord, according to a lawsuit.
The Yashar Foundation says it wasn’t told that 179 E. 94th St., a four-story building with one apartment and 19 single-occupancy rooms, had a tenant during months of negotiations to lease the space.
Yashar, a Brooklyn nonprofit that funnels cash to other charities, took over the space — a four-story building with one apartment and 19 single-occupancy rooms — May 1 and allegedly discovered Sonia Hassan had a 15-year, $600-a-month lease for room 203, according to a Manhattan Supreme Court lawsuit.
Brian M. Limmer, the lawyer who represented the building’s prior owner, “also acted as Hassan’s divorce attorney,” the foundation charges. Limmer and Hassan did not return messages seeking comment.
The lease “was put into place collusively,” and was not recorded with the Division of Housing and Community Renewal, which oversaw the building, or the City Register, according to Yashar, which wants the lease voided. Yashar is seeking unspecified damages, and wants Hassan’s lease voided and her booted from the building.
“The lease provides the tenant with a right to sublet, assign, or permit any other person to use the premises,” Yashar claims.
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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