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Real Estate & Property Law

: The Home Equity Theft Reporter

Philly Feds Continue Attack On Equity Stripping Sale Leaseback Peddlers; Indict 4, File Civil Suit In Alleged Racket Involving 120 Properties

By r morris

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In Philadelphia, Pennsylvania, the Philadelphia Inquirer reports:The U.S. Attorney's Office in Philadelphia filed criminal charges Tuesday against the operator of a local mortgage foreclosure rescue scheme involving $31 million in fraudulent loans on 120 properties.Anthony J. DeMarco III offered to buy the houses of people facing foreclosure, allowing victims to stay in the houses and pay rent

Full post as published by The Home Equity Theft Reporter on December 16, 2010 (boomark / email).

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