Thursday, January 11, 2007

Ohio Senior Scammed, $67K in Home Equity Lost

A Cleveland mortgage agent pleaded guilty yesterday of conning a 72 year old Garfield Heights woman out of $67,400 through a home loan scam, and faces up to 8 1/2 years in jail according to a report in The Mortgage Fraud Blog presented by The Prieston Group.

The prosecution was handled by Assistant County Prosecutor Michael Jackson of the Office of Cuyahoga County Prosecutor Bill Mason.

The victim has a civil lawsuit pending against the mortgage agent and her employer.

To read The Plain Dealer (Cleveland, Ohio) report on this story, see Law and Order, and then scroll down to Loan agent robbed woman, 72.

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