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.
Tuesday, July 04, 2017
Residents Of Deteriorating Senior Retirement Home Facing Foreclosure Finally Get The Word: You Have A Month To Pack Your Bags
In Topeka, Kansas, KSNT-TV Channel 27 reports:
Documents reveal the owners of Valley Springs Senior Retirement Home did not make their mortgage payments. Now, elderly tenants of the home will have to find a new place to live.
Residents found out about their eviction on Monday [June 26]. They were told they have until the end of July to find a new home and move out.
Donna Silsby moved into the retirement home about five months ago.
She said, “I have family here, it’s why I moved here to begin with. So I really have no idea where I will go.”
The grounds of the Valley Springs Retirement Home are overgrown and appear not to have been maintained for some time.
“It’s dark out here at night. We’ve got elderly people out here,” said Valley Springs Resident James Underbird. “We’ve got one that’s 96 years old, losing her eye sight and basically she’s afraid.”
There are 24 apartments at the complex. Residents tell KSNT News that half of them are occupied, but not for long.
“I would not bring my parents to live in a place like this the Way it looks now,” said Underbird.
The property is being foreclosed upon by Sunflower Bank, out of Salina. Residents have been told to pay any monies owed to Sunflower bank.
They will get $1,500 to help with moving expenses. $750 when they sign the move-out agreement and another $750 after they move out.
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)
<< Home