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: The Home Equity Theft Reporter

Central Florida Sale Leaseback Peddler Linked To 50 Ripoff Deals Gets 10 Years On Racketeering Charge; Targeted Cash-Strapped, High-Equity Homeowners

By r morris

In Orlando, Florida, the Orlando Sentinel reports:One after another, the victims explained the scheme in court: They needed loans. John Pavao reached out to them and offered help. They signed some documents. And the next thing they knew, they were losing their homes.Those victims, several of them sick and elderly, faced Pavao at his sentencing [earlier this month], like ghosts from his past. The

Full post as published by The Home Equity Theft Reporter on November 24, 2010 (boomark / email).