Webopens in a new window Acrobat PDF Version. In 2006, New York State enacted the Home Equity Theft Prevention Act (“HETPA”) for the purpose of affording greater protection to homeowners who face foreclosure proceedings against their homes. HETPA was instrumental in addressing increasingly rampant swindling where con men, proposing to … WebAt the foreclosure auction, your lender prices your property for the balance of the loan plus foreclosure fees. Any bids over this amount tap into the equity of the property. If your …
How to Protect Your Home From Deed Theft Kiplinger
WebJan 11, 2024 · The County foreclosed on the property, sold it for $24,500, and pocket the massive windfall at Rafaeli’s expense. Similarly, Andre Ohanessian owed $6,000 in taxes, penalties, interest, and fees when the County foreclosed and sold his property for $82,000. WebApr 10, 2024 · Nationwide, local governments wrongfully seized nearly $800 million in home equity during the same period. Geraldine suffered a smaller monetary loss than many victims of home equity theft. The equity she lost was likely worth around $25,000. PLF client Alan DiPietro, an alpaca farmer in Massachusetts, lost more than $310,000 in … riddles in philippine literature
Massachusetts grandmother lost her savings to tax foreclosure law
WebSep 19, 2024 · To be clear, such tax foreclosures can be a useful tool for municipalities to enforce and collect unpaid property taxes or utility debts. However, in these 13 states, local governments or private investors are allowed to steal all of a homeowner’s equity. Sixth Circuit Saves Widow’s $277,000 from Michigan’s Home Equity Theft Victory! … Across the political spectrum, amici agree that home equity theft must end. April … WebApr 1, 2024 · Foreclosure suit takes aim at ‘home equity theft’. The sale of a foreclosed property has amounted to “home equity theft,” a suit against a Massachusetts city and a … WebDec 5, 2024 · A new report by Pacific Legal Foundation, called “ End Home Equity Theft ,” reveals that from 2014 until 2024, more than 7,900 homes were taken as payment for property tax debts worth just 14 ... riddles in hinduism