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Real Estate & Property Law

: The Home Equity Theft Reporter

Bankruptcy Judge Disregards Terms In Sale Leaseback Docs In Home Sale; Recharacterized Equity Stripping F'closure Rescue Scam As An Equitable Mortgage

By r morris

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In a recent court ruling in favor of a homeowner/couple who were awarded a total of at least $690,000 for multiple violations of Federal and state law after being screwed over by a foreclosure rescue operator in a sale leaseback, equity stripping scam, a New Jersey bankruptcy court found that the transaction among the laws violated were the Federal Truth In Lending Act ("TILA") as amended by the

Full post as published by The Home Equity Theft Reporter on February 08, 2010 (boomark / email).

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