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Real Estate & Property Law

: The Home Equity Theft Reporter

MD Feds Obtain Guilty Plea From Loan Officer Who Screwed Homeowners By Stripping & Pocketing Their Home Equity In Sale Leaseback F'closure Rescue Scam

By r morris

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In Baltimore, Maryland, The Annapolis Capital reports:An Annapolis loan officer admitted [] he promised to help two homeowners avoid foreclosure, only to strip them of their equity and leave them homeless. James Dan, 45, faces up to 20 years in federal prison when sentenced Sept. 2 in U.S. District Court in Baltimore. Under a plea agreement - which involved a guilty plea to one count of

Full post as published by The Home Equity Theft Reporter on June 27, 2010 (boomark / email).

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