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Real Estate & Property Law

: The Home Equity Theft Reporter

Two Foreclosure Rescue Operators Get Five Years Each In Scam That Stripped Homeowners Of Their Equity & Left Lenders, Straw Buyers Holding The Bag

By r morris

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In New York City, Courthouse News Service reports:Two foreclosure profiteers in Brooklyn and the Bronx were sentenced to 5 years in federal prison for conspiracy, wire and bank fraud. Andrea Moore and Michael Irving, who ran the scam before the nationwide economic crisis hit, also must pay $1.5 million in restitution. From September 2004 to April 2005 they told homeowners facing foreclosure that

Full post as published by The Home Equity Theft Reporter on July 21, 2009 (boomark / email).

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