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, December 30, 2015
NYC Landlord Slapped With Vacate/Stop Work Order For Allegedly Making Unpermitted Subdivisions Of Apartments In 42-Unit Residential Brooklyn Building
In Brooklyn, New York, DNAinfo New York reports:
The landlord of a 1920s-era Eastern Parkway building has been illegally subdividing a number of units, then turning around and listing them as rental properties, tenants say, prompting the city to slap the building with a series of stop work orders.
The Department of Buildings ordered construction to cease at 85 Eastern Parkway last month, after tenants — many of them rent-stabilized — complained that work had been underway for more than a year to split some of the building’s larger apartments into a pair of smaller units.
Listings still appeared online [] advertising residences at “The Martha Washington” (the name of the the 42-unit building, etched above its doorway) on the Ideal Properties Group realty company website. The Prospect Heights building was touted as the “newest example of great Brooklyn living” with residences that have “undergone a loving, beautiful renovation.”
The site includes floor plans for two two-bedroom apartments, 2CA and 2CB. Those apartments were priced starting at $2,750, according to a Nov. 9 press release from the realty company announcing the rentals.
But the Department of Buildings had slapped a vacate order on unit 2C on Nov. 4 due to a lack of “secondary egress,” or, a second exit in or out of the unit, records show.
And according to blueprints for the original building shared with DNAinfo, the second floor units were originally part of a four-bedroom apartment, unit 2C.
Similarly, unit 1D — which appears to correspond with rentals 1DA and 1DB on Ideal's website — was hit with a stop work order by the DOB for similar egress issues on Nov. 3.
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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)
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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)
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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
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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)
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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)
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