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Real Estate & Property Law

: The Home Equity Theft Reporter

Woman Recovers Home Title Lost In Equity Stripping Scam; Judge Belts Sale Leaseback Peddlers w/ $75K In Punitves, Refers Case To Criminal Prosecutors

By r morris

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In Newark, New Jersey, the New Jersey Law Journal reports:A Bergen County, N.J., judge [...] ordered the president of a mortgage firm and one of its salespeople to pay $75,000 in punitive damages, and more in attorney fees, for leading a homeowner into unknowingly selling her house and losing $162,000 -- for their own benefit. The defendants "continuously concealed the character of their

Full post as published by The Home Equity Theft Reporter on July 26, 2010 (boomark / email).

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