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Real Estate & Property Law

: The Home Equity Theft Reporter

Co-Ringleaders In S. California Sale Leaseback Racket Get 15, 10 Years For $12M+ Equity Stripping Ripoff Of Homeowners Seeking Foreclosure Rescue

By r morris

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In Los Angeles, California, Southern California Public Radio KPCC 89.3 FM reports:Five participants in a massive fraud scheme were sentenced [] in Los Angeles to one to 15 years in federal prison. The defendants were found guilty of conning homeowners facing foreclosure out of millions of dollars in equity. U.S. District Judge George H. King saved the harshest sentence ? and words ? for

Full post as published by The Home Equity Theft Reporter on February 22, 2010 (boomark / email).

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