Sunday, August 10, 2008

Foreclosure Rescue "Federal Land Grant" Scams Flooding San Diego DA's Office

In San Diego, California, North County Times reports:
  • Two months ago, the district attorney's office busted foreclosure consultants based in Carlsbad who offered a "federal land grant" system that offered to save homeowners from foreclosure, he said. Authorities said the program was useless and bilked struggling homeowners for fees as high as $10,000, plus monthly rent. Similar land grant scams are still active throughout the county, [economic crimes division chief Michael] Groch said, flooding the office with cases.

Source: Fraud cases surpass 2007 numbers, DA says (Land grant scams targeting owners facing foreclosures still active, authorities said).