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Real Estate & Property Law

: The Home Equity Theft Reporter

Sale Leaseback Peddler Guilty In Rent Skimming Racket; Tried To Use $50M+ In Phony Notes To Pay Off Liens As 250+ Victims Signed Over Home Titles

By r morris

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In Los Angeles, California, The Associated Press reports:A Washington state man is facing up to 180 years in federal prison for defrauding people who lost their homes to foreclosure. Jeff McGrue of Tacoma man was convicted last Friday in Los Angeles.Federal prosecutors say McGrue's company, Gateway International, promised to delay or prevent foreclosures by having at least 250 victims sign over

Full post as published by The Home Equity Theft Reporter on January 27, 2011 (boomark / email).

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