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Real Estate & Property Law

: The Home Equity Theft Reporter

'Straw Buyer' Recruiter In N. New Jersey Sale Leaseback, Equity Stripping Racket Gets 12 Months, 3 Years Probation, $275K Restitution Order

By r morris

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From the Office of the U.S. Attorney (Newark, New Jersey):A Bloomfield, N.J., man was sentenced [] to a year and a day in prison for his role in a mortgage fraud scheme carried out by the owner and employees of Elite Financial Solutions, a company based in Scotch Plains, N.J., which claimed to be a home foreclosure rescue company, U.S. Attorney Paul J. Fishman announced.Michael Martino, 47, who

Full post as published by The Home Equity Theft Reporter on March 18, 2011 (boomark / email).

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