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, January 20, 2017
Captured On Camera & Reported By Local Media Troubleshooter, Premature Trash-Out Of Home Facing Foreclosure Leads To Cash $ettlement For Homeowner
In St. Louis, Missouri, KTVI-TV Channel 2 reports:
You wouldn't believe his story if he didn't capture it on camera. He brought it to Fox 2, who he credits with helping him make a remarkable turnaround.
In July, Brent Evans told us how he was trying to save his home, while the mortgage company was starting foreclosure. He said he was still the legal owner when the mortgage company sent people who ravaged his home. Now he says, thanks in part to our reporting, he's been paid and the suspects could be arrested at any time.
Evans said, "I was ecstatic you guys were able to do something. It really did help me out, seriously."
In May 2016, a mortgage company's subcontractor put a notice on his front door - "Warning. This property has been winterized."
Evans explained, "They were supposed to come out and just secure the property and make sure that it was vacant and then winterize it if it was vacant. Then they were supposed to leave, but that's not what happened. They winterized the property and then cleaned the house for me as well. Ha, ha."
Four cameras capture what happened.
Evans described, "Once they got in, then it was just a flood of everything coming out of the house."
Video shows a man walk out with a tool set. Someone takes a large hunting bow. One box appears to be so heavy the man struggles with it.
It sometimes looks like a treasure hunt. One guy used his phone light to look. At one point someone notices a camera and points it down. The new camera angle later captures what appears to be more thefts from Evans` trade as an auto technician.
Evans estimated about $10,000 worth of property stolen.
He reports much better news today. Evans can`t give specifics, because of a non-disclosure agreement, but he credits our story with getting him action.
He said, "The story absolutely made a difference contacting you. I was laying on the couch thinking `Should I contact FOX 2? Is this something they could really help me out with?` You see stories all the time where people have problems and they`re helped out and it makes you feel good and in this case you guys did a phenomenal job for me.'"
Wells Fargo was the mortgage company, which hired a company called MCS to secure Evans' home. Both of those companies not only worked with Evans on his losses, but cooperated with police in identifying suspects from a third subcontractor that was responsible for the burglary.
Evans says he`s been told police know who the suspects are and they will get them.
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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