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
NYC Woman: Lawyer Took Advantage Of My Now-Deceased, Blind, Dementia Stricken Mom, Sucking Legal Fees Out Of Her Realty-Rich, $20M Estate; Used POA To Wrestle Control Of Trust Benefiting Grandson
In New York City, the New York Post reports:
A Hamptons judge once censured by the state took advantage of a wealthy, legally blind, dementia-stricken Manhattan woman just so he could suck legal fees out of her estate, according to a lawsuit.
So many strangers had been worming their way into 85-year-old Frances Coles’ life in the years before she died, her daughter Diana Coles went to court in 2012 to gain control of her mother’s affairs.
The octogenarian had roughly $20 million in assets, including an Upper East Side apartment, part ownership of an office building in Boston, a waterfront Long Island estate, art, stocks, bonds and mutual funds.
While she was living out her golden years in a Suffolk County nursing home, Frances Coles’ “overwhelming weaknesses were apparent to anyone who came in contact with her,” her daughter claims.
The Coles matriarch “fell prey to myriad of opportunists who inserted themselves into her life in attempts to access and/or control her overt wealth,” her daughter says in a Manhattan Supreme Court lawsuit against one of the alleged “opportunists.”
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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