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Real Estate & Property Law

: The Home Equity Theft Reporter

89-Year Old Widow Dodges Foreclosure, Gets Mortgage-Free Home After Being Tricked Into Signing For $400K+ Loan; Scammer Believed To Have Fled Country

By r morris

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In San Mateo County, California, The Oakland Tribune reports:An 89-year-old Pacifica woman who was conned out of $600,000 by a contractor and faced foreclosure has won a lawsuit that prevents her eviction, an attorney said. As part of the settlement worked out Thursday in San Mateo County Superior Court, the lien on Pauline Reade's house was lifted and she won't have to repay a $420,000 loan that

Full post as published by The Home Equity Theft Reporter on January 16, 2011 (boomark / email).

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