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.
Monday, May 23, 2016
Trump's World-Famous South Florida Golf Course Faces June 28 Lien Foreclosure Sale After Paint Supplier Claims It Was Stiffed Out Of $30K+
In Miami, Florida, the Miami Herald reports:
Miami-Dade County Circuit Court Judge Jorge Cueto has ordered the Donald Trump-controlled company that owns the Trump National Doral Miami golf club to pay a paint supply company $34,863.92 by June 28 or face the forced sale in auction of the world-famous property.
Trump bought the property in 2012 for $150 million. But, according to records, Cueto has already filed the paperwork for a 9 a.m. foreclosure sale to the highest bidder June 28 at the main courthouse in downtown Miami.
Trump’s spokesman didn’t return a call for comment.
The billionaire GOP presidential frontrunner has been the target of dozens of liens from contractors hired for a major overhaul of Trump National.
But, so far, only The Paint Spot, a paint supplier, actually acted on a lien with an attempt to foreclose.
According to court records, The Paint Spot claims it’s been owed the money since 2014.
At least, The Paint Spot knocked $76 from the total bill, according to records, for erroneously billing Trump for a step ladder.
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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