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Real Estate & Property Law

: The Home Equity Theft Reporter

Hawaii Feds Pick Up Guilty Pleas In Equity Stripping Foreclosure Rescue Scam

By r morris

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In Honolulu, Hawaii, the Hawaiian Advertiser reports:[Rick Kealoha Pa Jr.] faces five years in prison, a $250,000 fine and payment of restitution to an evicted homeowner after pleading guilty yesterday to aiding a Honolulu mortgage company accused of orchestrating a foreclosure bailout scheme and stealing hundreds of thousands of dollars from banks and distressed homeowners.***Pa was paid $10,000

Full post as published by The Home Equity Theft Reporter on April 19, 2009 (boomark / email).

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