The Home Equity Theft Reporter: South Florida Mortgage Broker, Others Accused In Foreclosure Rescue, Equity Stripping Lawsuit

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end in sight, and equity lost by families with foreclosed properties was headed. were fleeced out of their mortgage payments by a foreclosure rescue scammer.

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In the property theft and litigation extortion part of the scheme, Henschel filed fraudulent. Henschel charged homeowners monthly fees for the illegal foreclosure- and.. or finding out that a criminal has taken a loan out against their home (equity stripping).. Phony Broker Pleads Guilty to Mortgage Fraud, Costing Lenders.

Protecting Your Home: Equity Stripping. By placing a large mortgage on your house, you strip it of its equity, making it a less attractive target. Using the above steps, you have effectively stripped the equity. This places the resultant proceeds beyond the reach of the courts inside of an offshore trust.

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Complicated Breakdown of New Florida Foreclosure Real Estate Law. Every so often, a client The Florida Supreme Court has declared that where a first foreclosure lawsuit is involuntarily In other words, a lender can file a second lawsuit based on payments default occurring after dismissal of the.

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