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Real Estate & Property Law

: The Home Equity Theft Reporter

Foreclosure Rescue Operator, Closing Attorney Found Jointly Liable For $690K+ In Bogus Sale Leaseback, Equity Stripping Ripoff

By r morris

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A federal bankruptcy court in New Jersey recently ruled in favor of a homeowner/couple who were screwed over for over $100,000 in home equity by a foreclosure rescue operator in a bogus sale leaseback, equity stripping scam. In addition to holding the operator liable for damages to the tune of $116,791.49 for the amount of stripped equity (to be tripled to $350,374 pursuant to the New Jersey

Full post as published by The Home Equity Theft Reporter on January 28, 2010 (boomark / email).

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