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.
Sunday, September 04, 2016
Winning Bidder At Foreclosure Sale Makes Gruesome Discovery Upon Entering Newly-Purchased Home
In Fountain, Colorado, KOAA-TV Channel 5 reports:
A real estate investor made a sobering discovery inside a property in Fountain that he bought at auction last week. The body of the previous owner was lying on the bed.
Fountain Police tell News 5 a neighbor called in January to request a welfare check at the home, but when officers arrived, nothing suspicious was found. Officers were unable to enter the home without a warrant.
Detectives tell News 5 since the remains were discovered, they've learned that the previous homeowner, Simone Daye, stopped paying utilities in April of 2015. The U.S. Postal Service had even stopped delivering mail when it began to build up in the mailbox. However, neither agency told police.
Investor Hootan Emami said he went to the house for the first time Thursday and thought it was an abandoned property.
"The bathroom was very clean and normally we don't see it like that," Emami said. "Normally speaking, you don't see a soap dish that has soap in it."
There were two cars in the garage along with cans of soda stacked neatly on the shelves. The kitchen was clean and in order. There was dust everywhere, but the home didn't smell bad, Emami said. He walked upstairs, where he saw someone lying on the bed in the master suite.
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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