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Real Estate & Property Law

: The Home Equity Theft Reporter

84 Year Old New Jersey Woman Among Those Targeted In Alleged Equity Stripping, Sale Leaseback Scam

By r morris

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In Bayonne, New Jersey, The Jersey Journal reports:An 84-year-old Bayonne woman is among the victims of two Union City companies that promised to help homeowners facing foreclosure save their homes, officials say. But instead of saving people's homes, the companies purchased the houses at deep discounts, saddled the owners-turned-tenants with even bigger monthly payments, and in a number of cases

Full post as published by The Home Equity Theft Reporter on May 03, 2009 (boomark / email).

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