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Real Estate & Property Law

: The Home Equity Theft Reporter

State Recovery Fund To Cough Up $116K+ To Compensate Elderly Victim Of Bogus Sale Leaseback Equity Stripping Scam Involving Licensed Real Estate Agent

By r morris

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In Hennepin County, Minnesota, the Minneapolis Star Tribune reports:An 87-year-old woman who was cheated out of her home of 50 years will receive $116,972 from the state, the largest pay-out in recent memory from a fund for victims of unscrupulous real estate professionals. Telsche Paulson's compensation from the Real Estate Education, Research and Recovery Fund was approved Wednesday by Hennepin

Full post as published by The Home Equity Theft Reporter on December 21, 2009 (boomark / email).

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