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.
Thursday, July 14, 2016
Sleazy Ex-Real Estate Agent Gets Bagged For Allegedly Selling Home He Didn't Own; Victimized Out Of Over $5K, Couple Teams Up With Cops To Sting Culprit
In Cleveland, Ohio, The Plain Dealer reports:
Coty Houston and David Yost came across a house they loved on Craigslist. The couple and their five children had outgrown their two-bedroom apartment, and Houston was itching to get away from their old neighborhood that was bustling with drug activity.
They loved the Brooklyn Centre home listed in the ad as soon as they saw it. When their five kids, ages 2 through 8, began planning what they wanted to do with the four-bedroom home, they knew they had to buy it.
Their dreams of a new life were shattered when they discovered the man who sold it to them had no right to do so, according to police.
Matthew Boros, 44, of Strongsville is charged with a fifth-degree felony count of theft by deception. The former real estate agent climbed through a window of the house and posed as the owner in order to scam the family out of more than $5,000, investigators said.
Boros' real estate license was revoked in April after he failed to apply for renewal. It was suspended a year earlier for the same reason, according to the Ohio Division of Real Estate and Professional Licensing.
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They [] didn't know Boros was previously was convicted in Bedford Heights Municipal Court for a scam that involved renting the same house to two different tenants.
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Houston went to the Second District Headquarters []. She brought payment records and records of a contract Boros had them sign.
The next day, they called Boros and told them they wanted their money back. Boros said he'd meet them and deliver more paperwork showing them he legally sold them the house.
When he showed up and refused to return their money, detectives waiting around the corner drove up and took him into custody.
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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