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
Upstate New York Landlord Under Investigation For Hijacking Possession Of Vacant Bank-Owned Foreclosed Home, Then Renting It To Unwitting Couple, Fleecing Them Out Of $46K
In Brockport. New York, WHAM-TV Channel 13 reports:
Brockport police and the New York State attorney general are now investigating a Penfield man accused of renting out a foreclosed home he never owned.
13WHAM broke this story on Wednesday. Thursday, a Your Stories investigation also revealed this man has dozens of properties and owes the federal government money.
Brockport Police Chief Daniel Varrenti says Charles Hain could face fraud, grand larceny, impersonation and burglary charges for collecting rent on property he didn't own.
"We take these allegations very seriously," the chief said.
Public records show Hain's troubled history as a landlord dates back to 2009. The attorney general's office settled a lawsuit against Hain and his sister for withholding security deposits.
"Desperate people do desperate things," Varrenti said. "This is just an example of, unfortunately, the world that we live in. People are capable of doing virtually anything for their own independent gain."
Records at the Monroe County clerk's office show Hain owns dozens of properties. Liens are filed against 21 of them. County records also show Hain owes the I.R.S. $2 million in taxes from the spring of last year.
"How many more people are going to go through this? It's crazy," said Jamie Ergott, who paid him to rent their home, but he didn't own it. The couple's accusing Hain of duping them out of $46,000.
This was even news to the bank that did own the home. The bank released the following statement:
"We completed a foreclosure sale in August and were preparing to transfer the property to HUD when we were surprised to learn that it had been rented to tenants by an unauthorized third party."
This week, 13WHAM tried to ask Hain questions about this situation, but he got it in his pickup and drove away.
With local and state authorities now investigating, he could face criminal charges.
"It definitely makes me feel better. At some point, justice will be served and he won't continue to do this to other people and mess with their families," Ergott said.
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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