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Real Estate & Property Law

: The Home Equity Theft Reporter

50+ Unit Owner-Investors Accuse Condo Converter Of Pocketing Rent, Using Apartments As Loan Collateral Without Consent

By r morris

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In League City, Texas, The Galveston County Daily News reports:More than 50 investors, most from Israel, went to court last week in attempt to save condominium units from foreclosure as they sue a group of companies and people they say defrauded them in a real estate venture. The lawsuit claims the defendants kept revenue generated by the venture that should have gone to pay debt and used

Full post as published by The Home Equity Theft Reporter on April 08, 2009 (boomark / email).

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