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Real Estate & Property Law

: The Home Equity Theft Reporter

Alleged Rent-To-Own Scam Artist Gets 37 Months For Leaving Would-Be Homeowners, Straw Buyers, Lenders Holding The Bag On Fraudulently Obtained Loans

By r morris

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In Portland, Oregon, The Columbian reports:A Vancouver man was sentenced Tuesday in U.S. District Court in Portland to 37 months in prison for mortgage fraud. Jeremy Richardson, 33, pleaded guilty in September 2008 to money laundering. As part of his sentence, Richardson must pay more than $496,000 in restitution to four title companies and a number of victims affected by his fraud scheme. He

Full post as published by The Home Equity Theft Reporter on May 01, 2010 (boomark / email).

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