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Real Estate & Property Law

: The Home Equity Theft Reporter

Elderly Victim Of Equity Stripping Deal Wins Hollow Victory As Court Ruling Comes Too Late To Allow Recovery Of Home; Scammers Claim To Be Broke

By r morris

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In Minneapolis, Minnesota, the Minneapolis Star Tribune reports: Telsche Paulson, 86, lost her south Minneapolis duplex and now lives in a rented house in Farmington. A suit against a mortgage firm that offered to help Paulson avert foreclosure, alleged that the ?refinancing? was really a sale, and the firm stripped $155,000 in Paulson?s equity in the deal.***This month, a federal judge ruled

Full post as published by The Home Equity Theft Reporter on December 23, 2008 (boomark / email).

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