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Real Estate & Property Law

: The Home Equity Theft Reporter

Maryland Homebuilder Gets 12 Years For Pocketing Customer Deposits & Loan Proceeds, Failing To Build Homes

By r morris

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In Prince George's County, Maryland, The Washington Post reports:A District Heights developer was sentenced Monday to 12 years in prison for collecting more than $1 million from banks and home buyers for houses that were never built. Leon Coleman promised 11 buyers that he would build homes in Kings Grant, a new subdivision in Upper Marlboro, but he never built them. Instead, prosecutors said,

Full post as published by The Home Equity Theft Reporter on August 19, 2009 (boomark / email).

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