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Real Estate & Property Law

: The Home Equity Theft Reporter

C. Florida Man Accused Of Using POA To Secure $150K Credit Line On Alzheimers-Afflicted Mom's Home; Pocketed Cash, Left Her In Foreclosure, Say Cops

By r morris

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In Dade City, Florida, the St. Petersburg Times reports:Thomas Davis secured a $150,000 home equity line of credit on his elderly mother's home last year, authorities said. Within seven months, he had spent it all ? on drugs, a hydroponic garden for growing marijuana, even on a $40,000 party that Davis, 47, threw for himself, the Pasco County Sheriff's Office said. By March, the bank began

Full post as published by The Home Equity Theft Reporter on July 05, 2009 (boomark / email).

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