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: The Home Equity Theft Reporter

Investment Program Promoted By Condo Conversion Marketer To Unload Unsold Inventory Leaves Investors Holding The Bag

By r morris

In San Diego County, California, The San Diego Union Tribune reports:[Frances] Greenspan is one of a number of investors across California who said they agreed to effectively trade their good credit for a promise of $5,000 to $10,000 per mortgage they took out. They understood that the homes purchased on their behalf would be quickly transferred out of their names, and gone would be any financial

Full post as published by The Home Equity Theft Reporter on April 13, 2009 (boomark / email).