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Real Estate & Property Law

: The Home Equity Theft Reporter

SW Fla. Alleged Rent-To-Own Straw Buyer Scam Leaves Would-Be Buyers Booted From Homes, Investors w/ Ruined Credit, Foreclosing Lenders Holding The Bag

By r morris

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In Fort Myers, Florida, The News Press reports:A Fort Myers real estate sales associate was arrested Thursday and charged with 61 counts related to a multimillion dollar mortgage fraud scheme in Southwest Florida. Mark Wallen, 38, [...] was booked into the Lee County Jail [...] and is being held on $100,000 bond, state attorney?s office spokeswoman Samantha Syoen said.The state alleges Wallen

Full post as published by The Home Equity Theft Reporter on September 06, 2009 (boomark / email).

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