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A rescuer finds homeowners through public-foreclosure notices in newspapers or government offices. It’s easy because lists are computerized and There’s not much equity left because of the consultant’s high fees. Homeowners who have been turned into renters can be evicted from the homes they once.
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The Home Equity Theft Reporter: South Florida Mortgage Broker, Others Accused In Foreclosure Rescue, Equity Stripping Lawsuit Montgomery Contents Foreclosure rescue scheme Florida foreclosure real estate law.
In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease A mortgage fraud scam that encourages homeowners to refinance their homes until no equity is left. A mortgage broker may be paid aalso called a.
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Mortgage fraud is a very complex crime that can involve lenders and borrowers alike. Mortgage fraud happens when someone intentionally confuses, lies or omits information when they apply for a mortgage. Florida Grand Theft Charges And Penalties + Statute Of Limitations. Read More .