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Real Estate & Property Law

: The Home Equity Theft Reporter

Mtg Broker Gets Six Years For Conning 86-Year Old Woman Out Of $140K Reverse Mortgage Proceeds; Coughs Up $50K Restitution, Agrees To Pay Back Balance

By r morris

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In San Francisco, California, KPIX-TV Channel 5 reports:A former Southern California mortgage broker was sentenced to six years in prison [last] Friday for defrauding an 86-year-old San Francisco woman out of $140,000. The unusual case began in February 2008, when the woman responded to a mailing from a company in Orange County that was advertising reverse mortgages. The woman ended up agreeing

Full post as published by The Home Equity Theft Reporter on January 15, 2010 (boomark / email).

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