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Real Estate & Property Law

: The Home Equity Theft Reporter

Florida Closing Agent Admits Pocketing Client's Refi Proceeds, Leaving Retiree Facing Foreclosure; Scammer Moved To State After NY Fraud Conviction

By r morris

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In Archer, Florida, The Wall Street Journal reports:Last summer, Lawrence Ford jumped into the fast-growing market for so-called reverse mortgages. The retired auto mechanic and horse trainer used the money he received to pay off his existing $70,000 mortgage and "piddled away" the remaining $24,000 on things like restaurant meals for his four girlfriends, he says. Or so Mr. Ford thought. Last

Full post as published by The Home Equity Theft Reporter on August 30, 2009 (boomark / email).

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