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: The Home Equity Theft Reporter

Now-Defunct Rogue Bank Used Cosmetic Fix-Up, Easy Rent-To-Own Terms To Unload Multi-Flipped, Multi-Foreclosed "Hellhole" On Unwitting Family

By r morris

In Atlanta, Georgia, The Atlanta Journal Constitution reports:Alexis Preston and her mother were thrilled last year when they found a home in Atlanta?s West End neighborhood large enough for their extended family of 13. They agreed to a lease-to-own deal to rent the neatly painted 12-bedroom house for $2,100 a month from the property?s owner through foreclosure, Omni National Bank. The renovation

Full post as published by The Home Equity Theft Reporter on February 06, 2010 (boomark / email).