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Real Estate & Property Law

: The Home Equity Theft Reporter

Minnesota Couple Faces Foreclosure, Ruined Credit After Now-Disbarred Closing Attorney Swipes Refinancing Proceeds, Leaving Existing Loans Unpaid

By r morris

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In Forest Lake, Minnesota, the Pioneer Press reports:When Julie Tarlizzo and Reed Erickson refinanced their home and cabin mortgages in April, the transactions should have been routine. [...] But shortly after the closing, the couple received a jolt from the mortgage company that arranged for the refinance: The lender said more than $400,000 wired to an escrow account to pay off the old mortgages

Full post as published by The Home Equity Theft Reporter on December 15, 2009 (boomark / email).

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