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.
Friday, November 06, 2015
Convicted Rent Scammer Gets Bagged Again, Frog-Marches To State Pen For 3-To-6 Year Stay For Ripping Off Five Low-Income Victims Out Of $16K By Posing As Public Housing Agency Rep Who Promised Section 8 Benefits
From the Office of the New York County District Attorney:
Manhattan District Attorney Cyrus R. Vance, Jr., [] announced the sentencing of ENRIQUE GUERRERO, 26, to 3-to-6 years in prison for stealing $16,000 from victims seeking affordable housing in Washington Heights and Westchester County. On July 14, 2015 GUERRERO pleaded guilty in New York State Supreme Court to Grand Larceny in the Third Degree and Scheme to Defraud in the First Degree.
“Five families seeking housing last fall entrusted Enrique Guerrero with their money, only to have their savings depleted and their dream of an affordable home crushed,” said District Attorney Vance. “This isn’t the first time the defendant has taken advantage of hard-working New Yorkers – he has a prior conviction for a similar housing scam. Schemes like this deprive victims of the funds needed to secure their next place to live, and cause unnecessary hardship. If you or someone you know has been the victim of this type of housing fraud, I urge you to call my Office’s Financial Frauds Hotline at 212-335-8900.”
According to his guilty plea and documents filed in court, from October 25, 2014, through November 18, 2014, GUERRERO stole $16,000 from five victims seeking affordable housing in Washington Heights and Westchester County through the Housing Choice Voucher program, also known as Section 8.
In each case, GUERRERO posed as a representative of a government housing agency that could facilitate these requests, and claimed that he could help the victims in exchange for cash payments ranging from $3,000 to $4,500. GUERRERO signed notarized agreements with each victim in a Washington Heights office, promising them the lease and keys to an apartment within one month of receiving their payments. However, once GUERRERO received the payments, he stopped answering the victims’ phone calls, and never provided them with housing.
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