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Real Estate & Property Law

: The Home Equity Theft Reporter

Use Of "Cash Back, No Money Down" R/E Acquisition Technique The Focus Of Suit As Elderly Couple Allege Buyer Screwed Them Out Of Their Home Equity

By r morris

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In Tampa, Florida, the St. Petersburg Times reports on the story of an elderly couple who claim they had their home equity ripped out from under them by a buyer using a real estate financing technique (or, more specifically, an over-financing technique that some may consider a form of equity stripping) that's been made famous over the last 3+ decades by a batallion of peddlers of "No Money Down"

Full post as published by The Home Equity Theft Reporter on February 02, 2009 (boomark / email).

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