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: The Home Equity Theft Reporter

Feds Left Holding The Bag On Home Seized From Alleged Equity Stripping Foreclosure Rescue Operator

By r morris

The Huntington Homes blog at The Orange County Register reports: It sounds odd. The home in foreclosure for $3,589,000 at 3281 Bounty Circle in Huntington Harbour is owned by ?. Uncle Sam? It?s true. Here?s how it happened:When Edward Seung Ok pleaded guilty to his part in a $12 million mortgage fraud ring, the feds took his fancy house, [...] as part of the deal. There was some equity when the

Full post as published by The Home Equity Theft Reporter on February 04, 2009 (boomark / email).