Wednesday, March 26, 2008

List Of Aggrieved People About Indicted Ohio Foreclosure Rescue Operator Begins To Grow

In Newark Ohio, the Newark Advocate reports:
  • Margie Bradley and her family were struggling to keep their Deer Run Road home when they found a self-proclaimed "go-to-guy" to help them avoid foreclosure. Bradley said she had her doubts Harry W. Blausey, who was indicted last week on 30 felony charges, was running a legitimate operation, but he was so charismatic and seemed so knowledgeable about working with mortgage companies.

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  • Soon Bradley and her husband would learn they were part of a growing segment of the community allegedly asked by Blausey to relinquish their ownership rights to their home and to either move out or pay rent, according to several people who have had dealings with Blausey. Not only would he not take over payments to mortgage companies as promised, but Blausey would oversee the sales of the homes for far less than their appraised values, erasing thousands of dollars of equity built up in the homes, those former and current homeowners allege.

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  • What led to the point was a story shared by 18 alleged victims in the indictment and what appears to be an increasingly growing list of aggrieved parties unknown to investigators. "I can't give you a number," Licking County Prosecutor Ken Oswalt said Monday afternoon of additional potential victims. "I've received phone calls here at the office myself. I've told my staff to keep a list -- name and number -- to pass on to investigators."

For more, see More area residents come forward about foreclosure case.

For other stories, see:

For other criminal prosecutions involving foreclosure rescue and other deed scams, see:

posted by Home Equity Theft Reporter at 7:59 AM