Bay State Man Featured In Report On Alleged Foreclosure Scandal That "Left Trail Of Blighted Streets, Ruined Investors, Civil Suits" Across State

In Massachusestts, the Boston Herald:

• [R]eveals how one Boston man used easy-money credit deals during the Bay State’s real estate boom to pocket $1 million while leaving a trail of blighted homes and busted investors.

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• At the height of the housing boom in 2004 and 2005, Dwight Jenkins of Dorchester offered easy-money real estate deals to inexperienced investors in Boston, Brockton and other struggling pockets of the state. The investors needed to commit only their names, their good credit ratings and their often unrealistic hopes for fast profits. But the properties were never fixed up and resold, as promised. Instead, they were left to fall into disrepair and foreclosure, while the investors ended up in debt and credit disarray.

For more, see:

• Inside the housing scandal (Dorchester man’s shady dealings leave buyers, homes ruined),
• Part 1: The Basics,
• Mortgage mischief (10-step graphic illustration of how Dwight Jenkins allegedly operated),
• Jenkins: From federal prison to $1M windfall,
• Vacant properties a blight on Mass. (List of some of the disputed properties that mortgage middleman Dwight Jenkins was involved in buying and selling for fast profits).

For subsequent stories, see:

• (4-14-08) Crunched by good credit (Deals left investors in financial ruin).