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.
Sunday, August 30, 2015
Title Hijacking Victim Sues NYC For Accepting, Recording Crappy Deed From Alleged Scammer
In New York City, the New York Post reports:
A woman whose Queens home was allegedly stolen by a scheming squatter says her nightmare never would have happened if bone-headed city bureaucrats hadn’t given him a fraudulent deed — and now she wants the city to pay up, court papers show.
Jennifer Merin, 71, is seeking nearly $600,000 for the debacle, including the $400,000 in property that ex-con Darrell Beatty stole from her family home while living there, her Manhattan Supreme Court suit says.
“[The city] was negligent in the way in which they allowed the deed to be registered,” a bitter Merin told The Post on Friday. “There was no indication that any of those signatures were related to my family or the property.”
Beatty, a 50-year-old convicted armed robber, had simply presented the city Finance Department with a forged deed that claimed to transfer the Laurelton home to him, Merin says.
A Law Department spokesperson said the “agency will review [Merin’s suit] upon receipt.”
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)
<< Home