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, January 21, 2016
Lawsuit: Lawyers Fraudulently Glommed $594K+ Received While Acting As Billing/Payment Intermediary For Nat'l Foreclosure Title Services Outfit
In Las Vegas, Nevada, Legal Newsline reports:
A national foreclosure title services and products company is suing a law firm and several of its members over claims they fraudulently misappropriated funds.
ServiceLink NLS LLC filed a lawsuit Jan. 4 in the U.S. District Court for the District of Nevada against Cooper Castle Law Firm LLC, doing business as Cooper Castle Law Firm LLP; Caren Castle; Lawrence Castle; Stephanie Cooper Herdman; and Aaron Waite, alleging breach of contract, unjust enrichment, constructive trust, breach of fiduciary duty, conversion and fraud.
The suit states Cooper Castle received monies in its capacity as a billing/payment intermediary in residential foreclosure transactions. Cooper Castle was then obligated to transmit earmarked funds to ServiceLink, but the suit states the defendants converted or stole the proceeds to finance Cooper Castle operations and to benefit themselves.
As a result, ServiceLink has allegedly sustained more than $594,000 in damages.
ServiceLink seeks damages of $594,199.29, interests, punitive damages and attorney fees and costs. The plaintiff is represented by attorneys Ryan M. Lower and Raleigh C. Thompson of Morris Law Group in Las Vegas, and by attorney James D. Miller of Babst Calland Clements & Zomnir in Pittsburgh, Pennsylvania.
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