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.
Monday, March 06, 2017
County Employee Responsible For Receiving & Handling Proceeds From Court-Ordered Foreclosure Auctions Gets Four Months In County Jail For Using Forged Documents To Snatch Over $90K In Sales Surplus/Overages Belonging To Ex-Homeowners
In Dayton, Ohio, WDTN-TV Channel 2 reports:
A former Montgomery County employee was sentenced for theft Tuesday morning [February 28].
David Bruns will spend four months in Montgomery County Jail and pay $39,830 to the county from his retirement account.
Bruns stole about $91,000 over five years from the Montgomery County Prosecutor’s Office’s Delinquent Tax Assessment and Collection Unit.
Bruns worked in the foreclosure department for the county. He was responsible for receiving and handling deposits from foreclosure sales. Special Prosecutor Ron O’Brien from Franklin County, who handled the case, said Bruns modified court records to authorize payments to his dummy corporation to embezzle the money.
Bruns had worked for Montgomery County since 2006 and the Prosecutor’s Office since 2009. He was fired in August 2016.
The Montgomery County Prosecutor’s Office released its victim impact statement. They wrote: “This defendant was employed in a position of trust in our office. He violated that trust by devising schemes to intercept money paid by individuals who were attempting to initiate foreclosure actions and money that would have gone to owners whose property had been sold in a foreclosure action after all creditors had been paid. As a result, some foreclosure actions were delayed and money diverted to the defendant for his own personal gain.”
Bruns was taken into custody immediately following the sentencing. He can also never have a finances-related job again.
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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