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.
Tuesday, August 18, 2015
Trio Pinched For Allegedly Breaking Into Home, Changing Locks, Holding House Hostage Claiming They Worked w/ Mortgagee; Refused To Allow Owners Into Their Own Home, Demanding They Sign Over Their Deed First
From the Office of the Queens County, New York District Attorney:
Queens District Attorney Richard A. Brown [] announced that two Long Island brothers and a New Jersey man have been charged with breaking into a Jamaica Estates residence in April, changing the locks and refusing to allow the true homeowners to enter the premises until they transferred the deed of the house to the defendants.
District Attorney Brown said, “In a truly bizarre case, the defendants are accused of breaking into a Queens residence and locking the true owners out, then forcing them to negotiate with the defendants if they wanted to gain access to their own home. If convicted, the defendants face lengthy time behind bars.”
The District Attorney identified the defendants as Brandon, Sestoso, 33, his brother Chas Sestoso, 31, both of McAllester Avenue in Hicksville, and Jesse Kusinow, 32, of Howell, New Jersey.
District Attorney Brown said that, according to the charges, the homeowner’s wife left her Grand Central Parkway residence on the morning of April 29, 2015, and when she returned that evening she discovered that the locks on her residence had been changed and the three defendants inside. The defendants allegedly informed her that they were working with the bank that held the mortgage on the property and that she could not gain access to the property unless she signed documents pertaining to the house.
It is alleged that when the homeowner’s wife informed the defendants that her husband was the sole property owner and that he was in China, they had her call him. They allegedly told him that if he and his wife wanted to gain access to their house, he would have to sign some documents, which they e-mailed to him – including a deed transfer for the property. Although the husband allegedly signed and e-mailed several of the documents back to the defendants, he did not sign or send the deed transfer. As a result, the husband allegedly received numerous text messages and emails from the defendants requesting the signed deed transfer.
The following day, the defendants allegedly gave the homeowner’s wife ten minutes to retrieve belongings from the first-floor of the house. When she entered the residences, she allegedly observed that the interior of her home had been ransacked.
Finally, it is alleged that the homeowner returned to his residence with a locksmith on May 16, 2015, and removed all of the locks that the defendants had placed on the residence. Inside, the homeowner allegedly discovered the house to be in disarray and property to be missing, including jewelry, knives, cash and the deed and documents related to the ownership of his home.
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