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: The Home Equity Theft Reporter

Two Face Charges Of Pocketing $350K From Investors For Foreclosure Investments; One Alleged Victim Borrowed $100K Against Home To Invest

By r morris

In Whatcom County, Washington, The Bellingham Herald reports: A Whatcom County developer and a Blaine real estate agent are facing felony theft charges in connection with what prosecutors say was a scheme to steal $350,000 in a phony home purchase transaction.Ross Alan Paterson, 45, of Bellingham, and Victoria Mallahan, 47, of Blaine, face two counts of first-degree theft, with a maximum penalty

Full post as published by The Home Equity Theft Reporter on January 30, 2009 (boomark / email).