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, July 28, 2017
Another Reverse Mortgage Horror Story: Bankster Gives 91-Year Old Woman Foreclosure Boot From Her Home Of 60+ Years Over Dispute Stemming From Allegedly Unpaid $853 Insurance Bill She Claims Was Paid Electronically; Last Minute TRO Halts Eviction In Progress, Allows Homeowner To Stay Pending Further Court Proceedings
In Houston, Texas, KPRC-TV Channel 2 reports:
After calling this home on Ashburn Street for more than 60 years, 91-year-old Jane Scott was kicked out on Monday [July 24].
“All of my taxes are paid for the year,” Scott said.
Scott’s attorney, Eraka Childs, said the eviction stems from a 2015 insurance bill for $853 on Scott’s reverse mortgage.
She claims even though Scott paid the bill electronically on April 21, 2015, Scott found out her home had already been foreclosed on when she went to court earlier this year.
“There was a gap in the communication and they moved forward with the foreclosure not knowing she had paid. That’s what it looks like,” said LaTrice Martin, a community activist who’s been working with Scott.
As part of the court’s order, deputies with the Harris County Precinct 7 Constable’s office spent much of the morning monitoring the removal of Scott’s personal belongings from the home, including furniture and clothes. A third party was hired to move her things out and police stayed at the house to make sure everything remained peaceful.
Scott was so upset, she couldn’t bear to watch.
One of the deputies, who is also a real estate agent, recently tried talking to the lender.
“She wanted to try to get them to change things and they would not,” a spokeswoman said.
Late Monday afternoon, Scott was told she could move back into her house for the time being, after the court granted her a temporary restraining order. But by no means is it a permanent fix.
“We're going to fight it. We are going to get her back in her home. Get this property rescinded and then we are going to begin educating our people. That's what we are going to do,” Martin said.
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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