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, May 13, 2016
Brooklyn Man Dodges Jail Time, Gets Three Years Probation, Order Of Restitution For Running Home Improvement Racket That Fleeced Four Homeowners Out Of $85K For Unperformed Work
From the Office of the Kings County, New York District Attorney:
Brooklyn District Attorney Ken Thompson [] announced that a Brooklyn man was sentenced for stealing $85,900 from four Park Slope homeowners who hired him to perform work on their properties. The defendant took money for work that was not performed and at times falsely claimed to be a licensed contractor.
District Attorney Thompson said, “Dominick Valoroso ripped off hard working homeowners in Park Slope and Prospect Heights who were simply trying to improve their homes. This case makes clear why anyone hiring a home improvement contractor should check that they are properly licensed by and in good standing with the New York City Department of Consumer Affairs so that they don’t fall prey to con artists who will take their money without doing any work.”
The District Attorney identified the defendant as Dominick Valoroso, 42, [...]. He was sentenced [] by Brooklyn Supreme Court Justice John Hecht to three years’ probation following his guilty plea on January 7, 2016 to one count of first-degree scheme to defraud. At the time of the plea, the Court ordered civil judgments of restitution in the amount of $85,900 to be entered for the four victims.
The District Attorney said that, according to the guilty plea, between June 4, 2011 and July 7, 2013, the defendant entered into signed contracts with four different homeowners – three in Park Slope and one in Prospect Heights – to perform work on their property, during part of which time he was not licensed due to complaints filed against him.
The defendant took $14,700 from one homeowner, and did not do any work; he took $54,400 from a second homeowner and completed just $10,400 of the work; he took $21,200 from a third homeowner and did not do any work; and he took $6,000 from a fourth homeowner and did not do any work.
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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