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Real Estate & Property Law

: The Home Equity Theft Reporter

S. Florida Lawyer Gets Jail Time For Hijacking $1.6M In Real Estate Closing Funds Earmarked For Mortgage Loan Payoffs; Title Insurer Left Holding Bag

By r morris

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In Miami, Florida, the South Florida Sun Sentinel reports:Hollywood title attorney Peter N. Price has been sentenced to almost four years in jail, and ordered to pay $1.7 million to Stewart Title Guarantee Inc. regarding allegations that he embezzled $1.6 million in loan proceeds.Federal and state investigators said Price took the money, earmarked for paying off mortgage loans for clients, from

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

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