Monday, January 12, 2009

Foreclosure Scam

The San Jose Mercury News reported yesterday about a scam in San Diego having to do with homeowners having financial problems, and to avoid foreclosure they gave money to the scammers to buy "land patents" that would make their homes sovereign nations. The scammers led the distressed homeowners to believe that once their property was not part of the United States, authorities, including agents from their financing companies, could not legally enter their property to foreclose.

Turns out it’s not true. These poor distressed homeowners found cash money to give to the scammers, but it in no way positively affected their condition.

How does this happen?


You tell us.

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