'Angels' hit desperate homeowners with foreclosure scam

Story date: 2007-10-20 10:41:00
Added on: 2007-10-21 04:30:55

New York Daily News - Mortgage broker Ian Katz arranged to have an "investor" buy Acevedo's house and lease it back to him for a year while Acevedo cleaned up his credit. Within that year, Acevedo was supposed to obtain a new, lower-rate mortgage and buy the house back for ...


Read more...

Related Stories:

• House repossessions at eight-year high

  MSN UK News - House repossessions are at an eight-year high, having risen over 20 per cent in 2007, figures have shown....
  2008-02-09 12:51:00

• Flip? Flop

  Globe and Mail - ... records backwards, you often get your wife back, your house back, your car back, and your...
  2008-03-14 01:11:00

• House prices falling fastest in three years

  This is Money - Mortgages & homes - House prices ... The second half of the year has seen a major reversal...
  2007-12-24 07:38:00

• Fitch Special Report Examines Mortgage Market & RMBS Comparisons of ...

  Forbes - ... stability of these economies since the turn of the century have been the foundation of their underlying mortgage...
  2007-10-29 07:50:00

• (AFX UK Focus) 2008-08-28 10:32 Spanish house sales, mortgage borrowing plummet (Interactive Investor)

  MADRID, Aug 28 (Reuters) - Spanish house sales dropped steeply in June, deepening a property crisis that dates back to the start...
  2008-08-28 02:59:52

• Advice for stopping your house being repossessed

  Daily Mirror - Repossessions hit an eight-year high last year as 27,100 had to hand back their keys. And experts predict there's...
  2008-02-13 07:20:00

• Julian Knight: Don't let house repossessions slip in through the back door (Independent)

  Last Friday the Council of Mortgage Lenders (CML) said repossessions were at an eight-year high, and this was accompanied by the...
  2008-02-09 04:11:38

• (AFX UK Focus) 2008-01-29 16:30 GMT: House to limit FHA expansion to 1 year (Interactive Investor)

  WASHINGTON (AP) - Under pressure from the Bush administration, House lawmakers have scaled back a piece of an economic stimulus package designed...
  2008-01-29 09:02:55