Home -> Law Blog Directory -> Real Estate & Property Law Blogs -> The Home Equity Theft Reporter

Real Estate & Property Law

: The Home Equity Theft Reporter

Lack Of "Hard Time" On Conviction Lures Some Street Gangs Away From Drug Trade; Into Deed & Refinance Scams

By r morris

Buried in a recent story in The Journal Gazette (Fort Wayne, Indiana) is this excerpt on deed and refinancing scams where perpetrators use forged deeds, stolen I.D.s, crooked notaries (or an unwitting notary and a stooge) to swipe homes, borrow against them, pocket the proceeds, and walk away undetected:[T]he scam is so lucrative in Chicago that street gangs found it preferable to dealing drugs,

Full post as published by The Home Equity Theft Reporter on April 07, 2009 (boomark / email).