The Home Equity Theft Reporter: Florida Man Gets 60 Months For Duping Victims Into Borrowing Against Their Home Equity In $2M Ripoff

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Florida Man Gets 60 Months For Duping Victims Into Borrowing Against Their Home Equity In $2M Ripoff From the Office of the U.S. Attorney (Albany, New York): United States Attorney Richard S. Hartunian and [another] announced that ARTHUR STRASNICK, age 64, of New Smyrna Beach, Florida, was sentenced [.] following his guilty pleas on two counts of mail fraud and one count of identity theft.

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The Home Equity Theft Reporter: Florida Man Gets 60 Months For Duping Victims Into Borrowing Against Their Home Equity In $2M Ripoff The Home Equity Theft Reporter: Florida Man Gets 60 Months For Duping Victims Into Borrowing Against Their Home Equity In $2M Ripoff Under good market conditions, it’s possible to cycle through appraisals until the buyer finds one offering a bloated value-equity pay dirt. But, if foreclosure occurs, the preferred buyer’s credit gets ruined.

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Six years ago, Congress approved the Home Ownership and Equity Protection Act, HOEPA, in an effort to address abusive practices aimed at unsophisticated homeowners who were encouraged to use equity in their homes as security for additional credit. That law passed about 410-12, and by a.

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