Friday, June 13, 2008

Northern California Prosecutors Continue Uncovering Victims In Busted Upfont Fee Foreclosure Rescue, Fractional Interest Transfer, Bankruptcy Scam

In Northern California, the Lathrop-Manteca Sun Post reports:

  • Two women were arrested in Livermore on March 26 on suspicion of defrauding 14 homeowners in Alameda County, and prosecutors say they are continuing to uncover victims from counties throughout the Bay Area and the Central Valley.

  • Victims of the scam are told they can stop their foreclosures if they pay a few thousand dollars in up-front fees followed by smaller monthly payments, according to Alameda Deputy District Attorney David Lim, who filed the charges.

For more, see Foreclosure scam snares local homeowners.

Go here for other posts on fractional interest deed transfer, foreclosure rescue bankruptcy scams.