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, April 12, 2016
Feds Resume Controversial Asset Forfeiture Program That Allows Cops To Seize People's Property Without Arrest Or Criminal Conviction & Forces Victims Into Expensive, Difficult Process To Get Their Stuff Back
From a recent post from Public Citizen Litigation Group's Consumer Law & Policy Blog:
Asset forfeiture is the controversial practice of taking people's stuff when they may be involved in criminal activity. Why is the program controversial? Because sometimes the government seizes the assets of people who are innocent and it's very difficult to get it back. Compounding the problem is a racial disparity in whose stuff gets taken. (See here for a prior discussion.)
Now the federal government has resumed its program of "sharing" asset forfeiture funds with local law enforcement, the Washington Post reports. Under the program, local law enforcement may take advantage of looser federal rules for forfeiture, so it's easier to seize assets, then the feds will "share" up to 80% of the proceeds with the local government. By returning the money to the local governments, DOJ is incentivizing local law enforcement to engage in more seizures.
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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