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Real Estate & Property Law

: The Home Equity Theft Reporter

Unwitting Home Seller Conned By Alleged Mortgage Scammers Into Holding Subordinate Carry Back Note Now Faces Having Equity Wiped Out

By r morris

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In Seattle, Washington, The Seattle Times reports:Tom Backman says the deal to sell his house in Pacific two years ago seemed fishy from the get-go. The real-estate agent was hard to reach and demanded a specific escrow closer. The actual buyer was never around. Still Backman, who had already moved to rural Idaho, wanted to get the deal closed. He even agreed personally to loan the buyer $53,500

Full post as published by The Home Equity Theft Reporter on June 05, 2009 (boomark / email).

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