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Real Estate & Property Law

: The Home Equity Theft Reporter

Minnesota Real Estate Agent Gets Three Years In Alleged Foreclosure Redemption, Equity-Snatching Scam

By r morris

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In Hennepin County, Minnesota, the Minneapolis Star Tribune reports:Michael R. Wayman Jr. was a top-tier real estate agent for ReMax before he discovered the lucrative business of redeeming properties after foreclosure to snatch their equity. [...] But somewhere Wayman's quest for profits veered into illegality, and the 35-year-old Ramsey man was sentenced Friday to just over three years in

Full post as published by The Home Equity Theft Reporter on July 20, 2009 (boomark / email).

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