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Real Estate & Property Law

: The Home Equity Theft Reporter

Rent Skimming Scam Stings Would-Be Buyer Of Elder Care Home Under Lease-Purchase Deal With Owner; Leaves Unwitting Seniors Facing The Boot

By r morris

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In Northern California, The New York Times reports:Sometimes even the licensed administrators managing an elder care home have been blindsided by an eviction notice resulting from a mortgage default. Inocencia Arindaeng, the administrator of a facility in Walnut Creek, Calif., has said in court documents that this happened to her.She had signed a ?lease to purchase? agreement with the owner of

Full post as published by The Home Equity Theft Reporter on April 25, 2010 (boomark / email).

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