Wednesday, February 03, 2016

Notorious Motown-Area Real Estate Operator Who Targeted Naive Homebuyers By Using Worthless Land Contracts To Sell Them Dilapidated Homes In Some Stage Of Foreclosure Gets 15 Months To Five Years On Multiple False Pretenses Charges

In Detroit, Michigan, WXYZ-TV Channel 7 reports:
  • A man who was the subject of several 7 Investigators reports for selling properties he didn't own will be spending the next 15 months to 5 years in prison.

    Leonard Bale was sentenced by Judge Timothy Kenny today. He was found guilty of 6 counts of false pretenses earlier this month.

    Bale was selling properties to people on land contract, despite there being mortgages on them. Many times the mortgages were in default and the homes were in foreclosure.

    Bale was tried in a bench trial, along with Jerald Payton. Payton was acquitted on all counts.

    In sentencing Bale, the court said he took advantage of people who were vulnerable and he was motivated by greed. He was remanded into custody.