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.
Saturday, September 19, 2015
Craigslist Used As Source Of Leads For Deed Thieves Looking To Flip Recently-Hijacked Vacant Homes; Officials Urge Property Owners To Sign Up For County Deed Fraud Alert System
In Lansing, Michigan, WLNS-TV Channel 6 reports:
Lansing Police are warning of a new housing scam is going on. Officials say they’ve seen several cases where someone tries to buy a house on Craigslist only to find the person who sold it to them wasn’t the real owner.
It’s a home-buyer’s worst nightmare, spending thousands of dollars on a home only to find they’ve been scammed.
Lansing Police say they’ve been seeing cases like this pop up with criminals using Craigslist to cash in.
“They actually met with a person and thought they were purchasing a house. This was a vacant piece of property and it turns out they got scammed by his person,” said Robert Merritt, Lansing Police Department.
They say these criminals make the sale seem legitimate by showing buyers a fraudulent deed, but in reality the home belongs to someone else.
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Police are investigating the scams but say be aware. If it sounds too good to be true, it probably is. The county does offer free legal advice if you need someone to check a deed before you buy.
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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