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.
Thursday, March 16, 2017
Central NJ Man Cops Guilty Plea To Fleecing 3 Different Prospective Tenants Out Of Deposits By Renting Out Home In Foreclosure Owned By Unwitting 3rd Party; Defendant To Be Allowed To Buy Out Of Jail Time By Paying $9,200 Restitution Before Sentencing
From the Ocean County, New Jersey Prosecutor's Office:
Ocean County Prosecutor Joseph D. Coronato announced that Keith Boyce, 54, of Ocean Gate, NJ, pled guilty yesterday (3/7) to Theft and Failure to File a State Tax Return on the day he was scheduled for trial.
The plea stems from his indictment by the Grand Jury for Theft and Terroristic Threats against one victim and Theft against a second. The Tax charge was part of a separate indictment against Boyce and his wife Camilla, 27, for failure to file State Tax returns for a number of years. The accompanying case indictments are attached.
The investigation by OCPO Economic Crimes Unit found that in January of 2014 Boyce took security deposits and prepaid rent from two women to occupy 1226 Laurel Blvd in Lanoka Harbor, yet then rented and gave occupancy of the same home to a third person. The victims became suspicious when Boyce demanded additional money before they were allowed to move in. They then learned that another person was the actual owner and the house was actually in foreclosure.
In the plea agreement Boyce is required to make full restitution of $9200 to the two victims prior to sentencing, which would require him to serve probation in lieu of receiving a jail sentence. The Tax charge for his wife, Camilla, is pending future court action. The case was prosecuted by OCPO Senior Assistant Prosecutor William Scharfenberg.
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)
<< Home