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, February 18, 2016
Kentucky Homeowner Keeps Finding Himself Targeted By Foreclosure Trash-Out Contractors Despite Not Being In Foreclosure
In Lexington, Kentucky, WLEX-TV Channel 18 reports:
One group of movers hired by a mortgage foreclosure company to clean out a house say they didn’t find out the house wasn’t actually foreclosed until their moving truck was almost half full.
They were cleaning out the house because everything left behind is cleared out when a bank forecloses a house.
The only problem was this house wasn’t actually foreclosed.
The homeowner called Sheriff Mark Bess Wednesday morning to tell them that the movers were there. “A neighbor called him and told him his house was being foreclosed upon and they were at the wrong address,” said Bess.
LEX 18 Investigative Reporter, Richard Essex, was told that this is the third time movers have tried to clean out this house in two years.
The movers have been ordered by the sheriff to put everything back as they found it and that they could face trespassing charges. “They have offered to make full restitution, replace anything that was damaged in their attempt to move items out of the residence,” said Bess.
The sheriff says that if it hadn’t been for the neighbors, the house would have been completely cleaned out.
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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