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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds, State Authorities Bust Global I.D. Theft Ring For Allegedly Hijacking Homeowner HELOCs; Millions In Equity Drained Out Of Homes

By r morris

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The Washington Post reports: Federal authorities [last month] announced a series of arrests and convictions in connection with a global identity theft ring that stole millions of dollars by hijacking home-equity lines of credit issued to thousands of consumers.***The cases highlight what the FBI calls an "emerging scheme" afflicting the struggling real estate and mortgage market. In such crimes,

Full post as published by The Home Equity Theft Reporter on December 08, 2008 (boomark / email).

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