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Real Estate & Property Law

: The Home Equity Theft Reporter

Westchester DA Indicts Eight In Alleged Equity Stripping Foreclosure Rescue Scam After Joint Probe w/ NYS Banking Dept.; Four Families Victimized

By r morris

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In White Plains, New York, The Journal News reports:Eight people(1) were indicted for a countywide mortgage scheme that defrauded four families and two mortgage lenders of $1.4 million, Westchester authorities announced [Tuesday]. The perpetrators "induced desperate property owners fearing the threat of foreclosure to deed their homes to 'investors' with the promise that they could re-purchase

Full post as published by The Home Equity Theft Reporter on August 26, 2009 (boomark / email).

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