Bankruptcy
Jan. 31, 2012
Foreclosure scams clutter bankruptcy proceedings
Attorneys for home lenders are waging a renewed battle against an old pest - a scam that hurts both banks and homeowners in trouble by inserting an underwater house into someone else's bankruptcy.
Daily Journal Staff Writer
SANTA ANA - Attorneys for home lenders are waging a renewed battle against an old pest - a scam that hurts both banks and homeowners in trouble.
Rather than file for bankruptcy for an underwater homeowner, the scammers insert the client's house into someone else's bankruptcy.
They "hijack" the bankruptcy of an unsuspecting person, according to U.S. Bankruptcy Judge M...
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