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, November 11, 2015
Central Florida Title Snatcher Facing 18-Month Prison Sentence Buys Out Of Jail Time; Deeds Back 94-Year Old Victim's Home Back To Her, Agrees To Pay $100/Month Restituition For Ten Years
In Orlando, Florida, WFTV-TV Channel 9 reports:
A woman accused of stealing a home from a 94-year-old woman was who living in a nursing home has accepted a plea deal that will keep her out of prison.
Vivian Smith’s friends came to Channel 9 after a neighbor saw Vanessa Russell removing all of Smith’s belongings from the house she owned for decades in 2014.
Russell had forged a deed and moved into the home, but police weren’t able to immediately get her out. A search warrant was served weeks later, and authorities removed Russell and her family from Smith’s home.
Russell recently accepted a plea deal with prosecutors. She was sentenced to 18 months in prison, but won’t serve the time if she follows the terms of her 10-year probation and pays Smith back.
Smith is still in a nursing home in failing health and won’t be moving home.
The deed has been transferred and Russell will have to pay Smith $100 a month over a period of 10 years, totaling $12,000 in restitution.
Smith’s friends said they had hoped Russell would get jail time, but said everyone, including Smith, is glad that the ordeal is over.
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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