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Real Estate & Property Law

: The Home Equity Theft Reporter

Ex-Subprime Mortgage Peddlers Now Running Loan Modification Scams

By r morris

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Bloomberg News ran a lengthy story describing how loan modification scam artists have popped up all over the country. Many of the players are described as out-of-work real estate professionals who peddled subprime mortgages during the boom who are now pocketing hundreds of thousands of dollars in advance fees and disappear or bleed their victims by charging monthly payments. The following excerpt

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

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