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Real Estate & Property Law

: The Home Equity Theft Reporter

2nd Suspect Agrees To Go Down In Granite State Sale Leaseback, Equity Stripping Foreclosure Rescue Scam

By r morris

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In Concord, New Hampshire, The Nashua Telegraph reports:A Massachusetts woman will join a Nashua real estate agent in pleading guilty to federal mail fraud charges stemming from statewide "equity stripping" scheme that targeted financially trouble homeowners, court records show.Prosecutors filed a felony mail fraud charge on March 18 against Sadie Stanhope Ng, 34, of Quincy, Mass., and formerly

Full post as published by The Home Equity Theft Reporter on March 27, 2011 (boomark / email).

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