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.
Saturday, July 30, 2016
86 Low-Income Families Get Until October 31 To Pack Up & Leave Or Get The Boot To Make Way For Construction Of 87 Townhomes Slated To Sell For Between $650K & $900K
In Bellevue, Washington, Bellevue Reporter.com reports:
[Josefina Lara] has lived at Highland Village Apartments for 16 years, and now a developer is forcing her and 85 other families out so they can tear down the 76-unit "affordable housing" complex to build higher-priced townhomes.
Multiple families share apartments so the exact number of residents is hard to track, but 85 children in the Bellevue School District call the apartment complex home. Very few speak English as a first language, most speaking Spanish but some speaking Somali and Russian. All are near or below the poverty level.
The families at Highland Village don't stay out of a sense of loyalty or because they are afraid of a move. In fact, some of the housing units — including Lara's — are dilapidated, residents say.
Hilda Sinfuentes's son has developed asthma, a fact she attributes to the mold growing from water damage in nearly every unit at the complex. Paulo Medina's windows don't lock, leaving his home at risk. Martha Lidia Lagos-Martinez said that if she uses a vacuum cleaner, the lights turn off because the breaker can't handle both at once.
"We don't stay here because we love these apartments," Lara said. "We stay because we can't afford to live elsewhere."
The families at the apartments have been given until Oct. 31 to find new places to live. The apartments are scheduled to officially close in November and a project to turn the 12-building complex into 87 townhomes is slated to begin shortly thereafter, with a completion date in late 2019.
Intracorp, the developer behind the project (and previously of another controversial development in Newport Hills), is working well within legal bounds, but a forced eviction of low-income, working families leaves a sour taste in the mouths of many.
Bellevue has no tenant laws that would apply in this situation. A landlord could theoretically give a renter 20 days and no financial assistance.
Intracorp has offered each family $3,500 in relocation assistance and has given the residents several months to find new homes, even hiring a relocation specialist to help.
Lis Soldano, a representative from Intracorp, said the issue stemmed from larger housing issues in Bellevue and on the Eastside.
"The broader housing affordability issues facing Bellevue and our region are challenging — and it's why we've committed to voluntary financial assistance and retaining [relocation specialist Kerry Lynch] to help residents," she said. "Every step we're taking to help the families at Highland Village is voluntary. So, yes we definitely feel a personal responsibility to do our part."
The Reporter attempted to contact the apartment complex's management, who hung up the phone without comment.
The permit application for the Highland Village Townhomes states that the new units will more than double the square footage currently on the 4.48-acre property but will sell for between $650,000 and $900,000 each. This is billed as "middle-income" in the documents.
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)
<< Home