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Real Estate & Property Law

: The Home Equity Theft Reporter

Felony Theft Conviction For DE Man Who Pocketed R/E Sale Proceeds w/out Paying Off, Disclosing Existing Liens; Unwitting Buyers Left In Foreclosure

By r morris

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In Bridgeville, Delaware, The Daily Times reports:Sussex County businessman James Tennefoss, [...] has been convicted of felony theft in two property sales cases. Prosecutors charged that Tennefoss used properties near Bridgeville and Georgetown as collateral in loans in 1999 and 2001, totalling $97,500.But in 2005 and 2006, his companies sold the properties, without Tennefoss disclosing that

Full post as published by The Home Equity Theft Reporter on August 25, 2010 (boomark / email).

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