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Real Estate & Property Law

: The Home Equity Theft Reporter

MD AG Wins "Rescue" Scam Civil Suit; Settles w/ Lenders Who Financed Bogus Sale Leasebacks, Saves Homes For Some, Clips Closing Agent For $100K

By r morris

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In Baltimore, Maryland, The Real Estate Wonk Blog in The Baltimore Sun reports:Stop me if you've heard this one before: Borrower needs help. Borrower goes to foreclosure-rescue business to get help. Borrower signs documents to get or start the process of getting the mortgage refinanced, only to discover later that the foreclosure-rescue specialists were really getting the home signed over to them

Full post as published by The Home Equity Theft Reporter on October 01, 2009 (boomark / email).

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