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, July 22, 2016
Cops Pinch Connecticut Man On Larceny Charges For Allegedly Fleecing Two Elderly Homeowners Out Of $30K+ For Home Repairs That Were Never Started
In Norwalk, Connecticut, NBC Connecticut reports:
Norwalk police have arrested a man accused of scamming elderly residents out of thousands of dollars.
Angelo Bimbo, 21, of Ponus Avenue faces larceny charges after two separate incidents. Police said the first was reported on March 15. According to police, Bimbo went to the victim’s home looking for work and agreed to do repairs. The victim paid $24,750 in checks, but the work was never done, police said. Bimbo was identified by his license, which he used to cash the checks.
The second incident was reported to police on May 12. Police said another elderly Norwalk resident reported that Bimbo showed up at the victim’s home and claimed the roof had a “bubble” and that the driveway needed repairs. The victim paid Bimbo $7,000 in checks but Bimbo did not start the work, according to police. Bimbo eventually returned and the victim contacted police. Police said when they arrived Bimbo had fled the scene and abandoned a worker on the roof of the home.
Police said Bimbo turned himself in [] on a warrant. He is being held on a $31,650 bond.
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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