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.
Tuesday, February 16, 2016
Georgia Woman Gets Four Years For Role In Hijacking Possession Of Vacant Houses, Then Using Craigslist To Reel In Unwitting Renters
In Cobb County, Georgia, The Marietta Daily Journal reports:
A Powder Springs woman has pleaded guilty to racketeering, burglary and other charges related to a real estate scheme and was sentenced to four years in prison [], according to the Cobb District Attorney’s office.
As jury selection was about to begin for her trial, 60-year-old Mona Lisa Smiley pleaded guilty to 18 charges against her, said Kim Isaza, spokesperson for the Cobb DA’s office.
According to investigators, Smiley and two others entered vacant houses, took them over and then advertised the houses for rent on Craigslist in the fall of 2014. Five houses in Cobb County were rented to tenants in this way, and evidence showed the three defendants had more planned, Isaza said.
Smiley also falsely notarized a Quitclaim Deed on one of the properties and filed it in the Cobb Superior Court Clerk’s office, Isaza said.
After Smiley pleaded guilty to the charges against her, including two counts of racketeering, five counts of burglary, five counts of theft by taking, four counts of theft by deception and a count each of forgery and filing false documents, she was sentenced to 10 years, with four to serve in custody and the rest on probation, by Cobb Superior Court Judge Tain Kell.
Kell also ordered Smiley to pay $1,100 in restitution to two of the victims and perform 100 hours of community service in addition to the prison sentence, Isaza said.
“The charges in this case are significant,” Kell told Smiley. “People’s right to be secure in their homes is serious.”
In December, one of Smiley’s codefendants, Elishia Betts, pleaded guilty to one count of theft by taking and received four years of probation. The third codefendant, Edgar Lee Rodgers, has not yet been arrested on charges related to the case. Rodgers is last known to have lived in Atlanta, Isaza 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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