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Real Estate & Property Law

: The Home Equity Theft Reporter

Aussie Legal Non-Profit Helps Vulnerable Senior Beat Bank In Foreclosure; Son's Manipulation Resulted In Improper Mortgaging Of Family Home For $200K

By r morris

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In Sydney, New South Wales, The Sydney Morning Herald reports:AN INTELLECTUALLY disabled pensioner has won a court battle to stave off foreclosure in a case said to have broad implications for consumers who offer their home as security for a business loan. The lawsuit concerns Wollongong man Patrick Ford, whose son - identified as "Scott" - manipulated him to put a $200,000 mortgage on the family

Full post as published by The Home Equity Theft Reporter on July 23, 2009 (boomark / email).

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