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

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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.

The Home Equity Theft Reporter: Straw Buyers Assert "Dupe Defense" In Reports To Cops In Suspected South Florida Mortgage fraud scam www.ilga.gov – (c) A person engaged in the business of home repair, as defined in Section 2(a)(1) of the Home Repair Fraud Act, who fails or refuses to commence or complete work under a contract or an.

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