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, May 18, 2017
Poor Residents In Another Recently-Purchased, Aging Housing Complex Get The Boot As Gentrifying Landlord Announces Plans For Major Renovations, Ending Participation In HUD's Section 8 Rent Subsidy Program
In Nashville, Tennessee, The Contributor reports:
“As a mother, it’s a very stressful situation to not know where you’re going, for your kids to ask you, ‘Are we moving?’ Many nights, I’ve broken down and cried,” Idella Woodard said. A mother of two boys, she is worried about where she’ll live after a real estate firm's purchase of her apartment building in West Nashville has forced her to exit her home.
Woodard joined fellow renters April 24 to protest in front of Covenant Capital Group, the firm that earlier this year notified tenants at Prestige Pointe and Premier West Apartments of non-renewal on their leases, and stated the property group would no longer be participating in the Section 8 voucher program.
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Woodard, who was supposed to be out of her apartment days ago, is hoping for at least a 30-day extension so her sons can finish out the remaining few weeks of the school year without changing schools.
Between the two complexes, more than 220 children will have to change school after residents are required to vacate the buildings.
Virginia Tidwell, 71, attended the protest hoping to hear more options for her family, and worries that they won’t be able to find an affordable rental in Nashville on a fixed income. At this time, she isn’t sure where they will end up once they're required to leave.
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In a statement, [Covenant CEO Govan] White said the buildings are in poor conditions and “have been in bankruptcy and foreclosure for years.”
"Due to the urgent need for extensive renovation to both properties — both have uninhabitable units due to lack of upkeep prior to our ownership — we cannot extend leases further and nor can residents remain during these major construction projects.”
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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