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, April 07, 2017
False Pretenses, Home Repair Fraud Among Charges For Contractor Who Allegedly Pocketed $57K To Build Home Addition, But Only Gave Homeowners A Concrete Slab; Cops Gave Suspect Pre-Arrest Opportunity To Complete The Work, Then Gave Him The Pinch For Not Performing
In Kingston, Oklahoma, KXII-TV Channel 12 reports:
When we got to the Marshall County Sheriff’s Office, people were still coming in, filing complaints against 35-year-old Rusty Summit of Durant.
“There’s not even a word for it,” Kristi Wade said. “Well if there was, it’d be a big curse word,” David Wade said.
The Kingston couple said they hired Summit to build a workshop with an apartment back in August, when they turned their summer property into a permanent residence.
Over the next several months, the couple said they paid Summit a total of $57,000, but all they got was an even concrete slab and a long list of excuses.
“He had a head-on collision car wreck in December and that’s one reason he had been out of contact,” Mr. Wade said. “And his wife contacted my wife instead of him contacting me and I thought that was a little weird.”
Then, Wade said, Summit stopped returning his calls. So they called the sheriff’s office.
Marshall County Sheriff Danny Cryer said Summit told them he’d fallen behind, so they gave him another chance, but he still refused to do the work he was hired for.
“He had a crew of workers that showed up and stayed for about an hour,” Cryer said. “And then left. The work was severely substandard.”
Summit was arrested Friday morning [March 17], for Embezzlement and False Pretenses under the Home Repair Fraud Act.
“We have been working with the Bryan County District Attorney’s Office, some of their investigators, and found that Mr. Summit has made a habit of this kind of business,” Cryer said.
About a dozen separate cases so far that Cryer knows about.
“Our new home here,” Mrs. Wade said. “We have a plan. Our two year plan is now a ten year plan and we live in the weekend place until we find the right people to do the right job.”
The couple said they wished they would have performed a background check on Summit before they hired him.
Sheriff Danny Cryer recommends people check multiple references and the Better Business Bureau before handing over any money.
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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