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Attention California Homeowners: What You Need to Know About Rent Skimming

By Neil Shous, Esq.

As we all know, California?s current real estate market is ripe with foreclosures. Many people are unable to afford their mortgages?or are upside down on their homes?and simply stop making payments to the bank. Most homeowners realize that doing so will likely result in them losing their homes, as well as their credit. As a result, desperate homeowners are vulnerable to scams, as they are willing to do whatever it takes to keep their homes. California?s rent skimming laws play a role in helping to discourage the fraudulent practices that adversely affect these individuals. An individual violates California?s rent skimming laws when he convinces a homeowner?a homeowner who is facing foreclosure?to transfer ownership of the property through a trust to the individual offering to help...continue to full post

Full post as published by California Criminal Defense Blog on December 06, 2010 (boomark / email).