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.
Wednesday, August 03, 2016
Cops Haul In South Florida Man For Allegedly Using Forged Deed, Land Documents To Hijack Title, Possession Of Abandoned Home In Foreclosure
In Weston, Florida, the South Florida Sun Sentinel reports:
A 44-year-old man who has been squatting in a Weston home for at least a year has been arrested for attempting to take ownership of the residence through a quit-claim deed, according to the Broward Sheriff's Office.
Compton R. Maycock-Beckles Jr. was arrested July 18, charged with grand theft, criminal use of personal identification information and three counts of unlawful filing of false documents or records.
The home, at 2015 Lakeshore Drive, belonged to Gary Warren. He and his then-wife Beverly Jane-Warren bought the house in 2006 for $465,000, according to county property records. The house was assessed this year at just under $400,000, according to the Broward County Assessor's Office.
The couple separated, moved out and later divorced and the house went into foreclosure, Warren said.
But several fraudulent documents pertaining to the ownership of the property were filed with the county, investigators said, all containing Warren's forged signature. The documents named Global Management the trustee of the property, gave its "agent" Compton Maycock power of attorney for Warren, and transferred ownership of the home to Global Management, according to the arrest report.
"I didn't sign any of them, I had no idea what was going on," Warren said.
Warren, 66, is disabled and lives with his 35-year-old daughter Jessica Underhill in Palm Beach Gardens. "This whole situation is scary," Underhill said.
Maycock-Beckles Jr. drew the attention of officers after a deputy saw him walk out of the house on June 17 and drive off in a car parked in the driveway. Maycock-Beckles was stopped a short time later and arrested for driving with a suspended license. Several inconsistencies surfaced as to his address, according to the arrest report.
Warren, a retired operations manager for a construction company, said deputies showed up at his home in Palm Beach Gardens on July 6 to ask him if he knew what was going on with his Weston property. Although he was still the legal owner of the property, Warren said he assumed that the house had gone into foreclosure years ago.
The foreclosure process on the home has restarted.
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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