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.
Tuesday, February 21, 2017
Court Orders Ex-Attorney To Cough Up $18 Million For Role In Recruiting Homeowners Into Phony "Mass Joinder" Lawsuits Purporting To Challenge Mortgage Lenders' Foreclosure Rights
A California federal judge on Wednesday [February 15] ordered a former California attorney to pay more than $18 million and barred him from the debt relief market to settle claims by the Federal Trade Commission that he wrongly recruited homeowners into “mass-joinder” lawsuits against mortgage lenders.
A unanimous FTC in May sued former California lawyer Vito Torchia Jr. and four attorneys for using law firms Brookstone Law and Advantis Law to steal millions from homeowners by falsely promising debt relief and financial rewards through lawsuits alleging mortgage fraud...
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)
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