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Real Estate & Property Law

: The Home Equity Theft Reporter

New Jersey Man Charged With Illegally Pocketing Proceeds From $400K Loan Using Wife's Grandmother's Home As Collateral

By r morris

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In Hoboken, New Jersey, The Jersey Journal reports:A Rutherford man has been charged taking out a $400,000 loan against the home of his wife's grandmother -- and the 83-year-old only learned of the scam when foreclosure notices began arriving, officials said. A two-month investigation led to yesterday's arrest of John Airey, 37, on the charges of forgery, identity theft and theft by deception

Full post as published by The Home Equity Theft Reporter on April 28, 2009 (boomark / email).

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