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Real Estate & Property Law

: The Home Equity Theft Reporter

Probe Continues Into Philly "Slumlord Millionaire" Suspected Of Using Rent-To-Own Racket To Unload Decrepit Homes On Unsophisticated Would-Be Buyers

By r morris

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In Philadelphia, Pennsylvania, the Philadelphia Daily News reports:TWO-AND-A-HALF years have passed since Robert N. Coyle Sr. defaulted on bank loans on nearly 300 Kensington homes that he rented to the city's poorest in search of the American dream.Dozens of tenants who had poured money into decrepit homes believing that they'd one day own them found themselves in the eye of a massive

Full post as published by The Home Equity Theft Reporter on January 20, 2011 (boomark / email).

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