Thursday, December 06, 2007

NBC News On Equity Stripping, Foreclosure Rescue Operator Metropolitan Money Store

NBC Nightly News recently ran stories on the now-defunct foreclosure rescue / equity stripping operator, Maryland-based Metropolitan Money Store. Included in the stories are interviews with some of the scam victims, comments by D.C. Attorney General Linda Singer, clips of the Joy Jackson / Kurt Fordham wedding. To watch the NBC News videos of the stories, by Senior Investigative Correspondent Lisa Myers, see:

To read the online story, see Homeowners sue mortgage company (D.C. residents allege fraud, say they were vulnerable targets).

Go here for other posts on Metropolitan Money Store.

For more on equity stripping scams, generally, see DREAMS FORECLOSED: The Rampant Theft of Americans' Homes Through Equity-stripping Foreclosure 'Rescue' Scams (4.61 MB approx.).