Monday, April 30, 2007

Foreclosure Rescue Scammer Pleads Guilty To Felony Theft

A Prince George's County, Maryland homeowner facing foreclosure got a flier in the mail from Perver Taylor offering financial help, according to a story by investigative reporter Darcy Spencer, of WRC-TV Channel 4 in Washington, D.C. The homeowner responded, but instead of helping her, Taylor proceeded to victimize the homeowner in a foreclosure rescue scam in which she lost her home and the entire equity she had accumulated in it. Taylor pleaded guilty to felony theft and faces up to 10 years in prison when he's sentenced in August. For the whole story, see:

For the Maryland statute regulating foreclosure rescue operators, see the Maryland Real Property Law, Title 7, Subtitle 3 - Protection of Homeowners in Foreclosure (Sections 7-301 through 7-321). (Each section of the statute has its own link).

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