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.
Wednesday, May 24, 2017
Sentenced To 4 To 12 Years For Using Forged Deeds To Hijack Homes In One County, Title Snatcher Dodges Add'l Prison Time After Pleading Guilty To 12 More Thefts In Neighboring County; Judge: 3 To 9 Year Jail Stay To Run Concurrently With Earlier Sentence
In Troy, New York, The Troy Record reports:
A Rensselaer man who has admitted to bilking people in several counties out of thousands of dollars by selling or renting homes he did not own was sentenced Monday [May 15] for crimes involving 12 Rensselaer County properties.
Zarak O. Ali, 43, was sentenced Monday in Rensselaer County Court to three to nine years in prison after pleading guilty to felony counts of second-degree forgery and first-degree falsifying business records. However, that sentence will run concurrent with a four- to 12-year prison term he was sentenced to May 5 on similar charges in Albany County,(1)meaning he will serve no time beyond that initial sentence.
Ali admitted in February to forging deeds for foreclosed properties in the town of Brunswick and the cities of Rensselaer and Troy between January and March 2016, filing them with the Rensselaer County Clerk’s Office and renting or selling the properties. He has also pleaded guilty to similar charges in Columbia, Schenectady and Saratoga counties.
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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