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.
Thursday, December 17, 2015
Scammers Target Vacant Realtor-Listed Homes For Possession-Hijacking Rent Ripoffs; One Central Florida Agent Says About 1/3 Of Of Local Listings On Craigslist Are Fraudulent w/ Landlord Impostors Operating Email Accounts Using Actual Realtor Names To Reel In Victims
In Kissimmee, Florida, WFTV-TV Channel 9 reports:
[I]n the last month, realtor Holly Wolfer said she’s spotted nearly a dozen instances of scammers operating email accounts using actual realtors' names to lure unsuspecting victims.
In one recent case, a would-be renter found a Craigslist advertisement featuring a home on North Thatcher Avenue in Kissimmee. Before paying a $500 deposit, the person contacted Wolfer, who confirmed the listing was illegitimate. The home was vacant and listed for sale, but a sign posted on the lawn stated the property wasn’t available to be rented.
“It's easy cash for somebody, especially during the holidays,” Wolfer said. “The focus is really switching to properties that are vacant but for sale.”
Earlier this week, Wolfer said another family looking to rent a home were scammed of their $500 deposit.
The realtor estimates about one-third of local real estate listings on Craigslist are fraudulent.
Wolfer advises prospective renters to search the Osceola County Clerk of Courts website to verify that a property listed in an advertisement isn’t in foreclosure.
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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