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: The Home Equity Theft Reporter

20-Unit Condo The Target Of Suspected Straw Buyer Mortgage Scam Leaves One Unit Owner Facing Loss Of Home Despite Having Made All His House Payments

By r morris

In Escondido, California, the North County Times reports:[A] North County Times investigation that began in July has traced the demise of Brookhaven, a community emblematic of the nation's housing bust: Born of a 2005 project to convert apartments to condos, the complex has since been plagued by subprime loans, foreclosures, failed loan modifications, inflated values, strange rent agreements on

Full post as published by The Home Equity Theft Reporter on May 24, 2009 (boomark / email).