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: The Home Equity Theft Reporter

'Lender' Targets Cash-Strapped, High-Equity Homeowners For Easy Profits; Tactics Embarrassing, Undermine Industry Reputation, Says Hard Money Lender

By r morris

In Seattle, Washington, The Seattle Times reports:Emiel Kandi forever changed the lives of a pregnant hairdresser, a jobless mechanic and a single mom when he loaned them money. These unsophisticated, desperate borrowers thought a short-term loan from the well-dressed professional could save them from financial collapse or foreclosure. But the very asset they were trying to hold on to ? their

Full post as published by The Home Equity Theft Reporter on November 16, 2010 (boomark / email).