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: The Home Equity Theft Reporter

Minn. Regulator Files Suit Against Closing Agent Accused Of Pocketing Payoff Proceeds In Alleged $1.1M+ Escrow Swindle; Criminal Charges Under Review

By r morris

In Forest Lake, Minnesota, the Star Tribune reports:A Forest Lake real estate closer is accused of pocketing more than $1.1 million from dozens of real estate transactions in the Twin Cities area by failing to pay off original mortgages or pay forward numerous transaction-related fees. Two of the properties were being bought by the city of Forest Lake, which lost more than $205,000. Many of the

Full post as published by The Home Equity Theft Reporter on April 12, 2010 (boomark / email).