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Real Estate & Property Law

: The Home Equity Theft Reporter

Use Of Lease Option Arrangement As Exit Strategy For Overextended Landlords Looking To Stiff Mortgage Lender & Pocket Some Walking Away Cash Continues

By r morris

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In Washoe County, Nevada, KOLO-TV Channel 8 reports: A Sparks couple is just a step away from being homeless, after they say they were "ripped off" by their landlord. Shanna Mayer and Clinton Conroy leased a home in hopes of buying it ... but it turns out, the bank was already a step ahead.***Mayer and Conroy moved their family to Sparks in June. When they signed a lease, with an option to buy

Full post as published by The Home Equity Theft Reporter on December 04, 2008 (boomark / email).

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