The Home Equity Theft Reporter: Straw Buyers Assert “Dupe Defense” In Reports To Cops In Suspected South Florida Mortgage Fraud Scam

The Globe reports that before his death, Young was planning to flee to Africa to teach. The information was provided to The Globe by Young’s mother, who also now fears for her life and plans to leave her Peoria, Illinois home for a secret location.

 · Equity theft schemes are the most common method used by mortgage fraud perpetrators to exploit HECMs. Perpetrators-often with the aid of straw buyers-execute a scheme designed to withdraw false equity from properties.

Our local news organizations do a great job of reporting nearly everything that occurs within the Sherman-Denison area. Below is a listing of the articles from these organization

The Irish Times online. Latest news including sport, analysis, business, weather and more from the definitive brand of quality news in Ireland.

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Once the straw buyer had title to the home, the defendants immediately applied for a mortgage to extract the maximum available equity from the home. The defendants would then share the proceeds of the ill-gotten equity and “rent” being paid by the victim homeowner.