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Real Estate & Property Law

: The Home Equity Theft Reporter

NY AG Squeezes Guilty Pleas From 4 For Roles In Alleged Sale Leaseback, Equity Stripping Foreclosure Rescue Racket; 1 Awaits Trial On 23 Felony Counts

By r morris

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In Albany, New York, the Times Herald Record reports:Members of an Albany-based company who ran a lease buyback program that cost several local homeowners their homes have admitted their roles in a mortgage-looting scheme in a deal with the state Attorney General's Office.Four employees of Rivertown Financial pleaded guilty in Albany County Court last month to felony charges that included grand

Full post as published by The Home Equity Theft Reporter on November 07, 2010 (boomark / email).

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