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Real Estate & Property Law

: The Home Equity Theft Reporter

Two Admit Roles In Fractional Interest Deed Transfer Foreclosure Rescue Scam That Abused Bankruptcy Process To Stall Sales On 1400+ Homes

By r morris

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In Los Angeles, California, Westlaw News & Insight reports:Two people have admitted that they participated in a fraud scheme by using falsified bankruptcy petitions to delay foreclosures on more than 1,400 properties in California.(1) The scheme improperly postponed foreclosures on $725 million worth of mortgages and caused banks and lenders to lose out on loan payments from homeowners, according

Full post as published by The Home Equity Theft Reporter on January 21, 2011 (boomark / email).

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