More Potential Victims Come Forward In N. Cal. Home Equity Theft Scam
The investigation of an alleged reverse mortgage, home equity theft scam that reportedly victimized an elderly couple from Tracy, California appears to be spreading throughout Northern California, according to a report from the Tri Valley Herald at InsideBayArea.com.
The suspect's initial court appearance was originally scheduled for Dec. 19; however, the complaint was placed on hold, the suspect was released from custody, and the matter was referred back to local police for further investigation.
When word of the suspect's business dealings began receiving media attention, more potential victims from Sacramento, San Leandro and Tracy began coming forward.
For earlier media reports on this case, see
Court date postponed in mortgage scam case (12-20-06)
Arrest puts reverse mortgages in spotlight (12-20-06)
Businessman accused of mortgage scam (12-8-06)
Go here for other posts on reverse mortgage problems. zebra
The suspect's initial court appearance was originally scheduled for Dec. 19; however, the complaint was placed on hold, the suspect was released from custody, and the matter was referred back to local police for further investigation.
When word of the suspect's business dealings began receiving media attention, more potential victims from Sacramento, San Leandro and Tracy began coming forward.
For earlier media reports on this case, see
Court date postponed in mortgage scam case (12-20-06)
Arrest puts reverse mortgages in spotlight (12-20-06)
Businessman accused of mortgage scam (12-8-06)
Go here for other posts on reverse mortgage problems. zebra
posted by Home Equity Theft Reporter at 7:00 AM
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