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: The Home Equity Theft Reporter

Utah AG Busts Alleged Equity Stripping, Foreclosure Rescue Ring; Hurting Homeowners Get Boot From Homes As Unwitting Straw Buyers Left Holding The Bag

By r morris

From the Office of Utah Attorney General Mark Shurtleff:Four people were arrested [last week] for allegedly defrauding financially troubled homeowners out of more than $1 million in property.(1) The alleged victims were all Polynesian and were offered new mortgages to help save their homes from foreclosure. The defendants allegedly had straw buyers purchase the properties and then took out all of

Full post as published by The Home Equity Theft Reporter on February 18, 2009 (boomark / email).