Land Contract Operation a Scam

Veronica Corningstone · #1 (**permalink**) 03-03-2006, 01:13 PM

The son of the founder of a formerly high-flying land-contract brokerage, as well as other witnesses, told jurors that the founder misled customers, investors and regulators in a scheme that collapsed in 2003, the case's prosecutor told MortgageDaily.com. But in the end, more than 200 home buyers were victims of a scheme that exposes the downside of land contracts.

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Blackhawk · #2 (**permalink**) 11-20-2006, 08:21 AM

Quote:

Originally Posted by Veronica Corningstone

The son of the founder of a formerly high-flying land-contract brokerage, as well as other witnesses, told jurors that the founder misled customers, investors and regulators in a scheme that collapsed in 2003, the case's prosecutor told MortgageDaily.com. But in the end, more than 200 home buyers were victims of a scheme that exposes the downside of land contracts.

Link To Original Article

Yeah, that really sad to hear. Hope the justice will prevail. 200 victims

Greg · #3 (**permalink**) 11-20-2006, 12:52 PM

Veronica... Have them all call me for their rescue loan...