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, October 01, 2016
Chicago Landlord Announces Plans To Bulldoze 2-Story, Six-Unit Building To Make Room For 138-Unit Upscale Complex; Poor, Boot-Defying Tenants, Dozens Of Housing Activists, Supporters In Gentrifying Neighborhood Respond In Protest: We're Not Going Anywhere!
In Chicago, Illinois, Streetsblog Chicago reports:
[D]ozens of community residents and members of the Autonomous Tenants Union, Somos Logan Square, and Grassroots Illinois Action joined tenants of the 2340 N. California building in Logan Square as they announced their plans to fight their impending eviction.
Current landlord Francisco Macias plans to sell the two-story, mixed-use structure, located a few hundred feet north of the California Blue Line station, to Savoy Development so that it can be bulldozed to make room for an upscale, 138-unit transit-oriented development ["TOD"]. At the press event, protesters brandished signs with messages like “We are still here and we’re not leaving” and “I am the face of eviction.”
Macias has served the tenants, who were on month-to-month leases, with 30-day eviction notices. First Ward alderman Joe Moreno approve a zoning change for the TOD, and City Council approved Savoy’s proposal in June. Savoy owner Enrico Plati hopes to break ground by the end of the year, once he receives a demolition permit from the city. However, the current residents’ plans to contest the eviction may significantly delay construction.
At the press conference, residents talked about how the evictions will negatively impact their lives. Adelina Silva, a senior, was noticeably shaken as she spoke. “We haven’t been able to find a place to go and I just got my foot operated on,” she said in Spanish. “I don’t know where we’ll go.”
The as-yet-unnamed high-rise is part of a wave of transit-friendly construction along the Milwaukee Avenue corridor that was largely spurred by the city’s transit-oriented development ordinance, which was originally passed in 2013 and was strengthened last year. The legislation eliminates parking minimums and allows for higher density at locations near rapid transit stops, which helps decrease car-dependency for the residents of the new buildings.
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However, according to organizers of yesterday’s event, the evictions at the six-unit building are representative of the displacement they see as being brought on by all of the new development. Whether or not you agree that upscale development causes displacement, the demographics of Logan Square have changed considerably in recent years. DNAinfo reported that between 2000 and 2014, the number of Latino residents in Logan Square dropped by about 19,200, a 35.6 percent decrease.
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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