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.
Friday, March 04, 2016
Lawsuit: Woman Dupes Elderly, Stroke-Stricken Dad Into Unwittingly Signing Over 7-Unit Harlem Building Worth $2+ Million While He Lay Recovering In Hospital Bed
In New York City, the New York Post reports:
A Manhattan man says his daughter waited until he had a stroke and then swiped the rental building he owns out from under him.
Richard Tucker, 72, has lived in the West 121st Street brownstone since 1985, taking it over from his mom Lilian when she died in 2013.
The building, worth $2 million to $3 million, has seven single-room-occupancy units and brings in about $4,500 a month in rental income, but Tucker claims in court papers he hasn’t seen a penny of that cash since Angelique Jackson-Tucker had him sign over the deed a year ago.
He didn’t know what he was signing, Tucker says in a Manhattan Supreme Court lawsuit he filed last week against his daughter.
When he had a stroke in January 2015, Jackson-Tucker and the family’s attorney, Roland Brewster, came to his bedside at Mount Sinai Hospital, he claims.
Tucker “had no idea of what he was signing on Jan. 13, 2015, but he recognized his daughter and the longtime family attorney,” according to court papers.
Brewster denied wrongdoing and insisted Richard Tucker “was competent at all times that I’d seen him,” the attorney told The Post.
Jackson-Tucker declined comment, saying she wasn’t aware of a lawsuit.
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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