The Home Equity Theft Reporter: Buy Back Agreement In Foreclosure Rescue Sale Leaseback Deals To Be Presumed An Equitable Mortgage, Says Proposed Florida Statute
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Felton signed the deed, an affidavit of title, and the buy-back agreement.. sale- leaseback arrangements made to avoid foreclosure are in fact equitable mortgages.. finally, Felton s claim under the foreclosure rescue fraud prevention act.. At trial, Zaman maintained that he did not offer a mortgage to Felton, and that.
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Hence the sending of a notice of rescission and the recording of a notice of interest in real property under Florida Statute 712.05 would be appropriate as a strategy.. Sale-Leaseback Fraud, Perpetrated At Height of Housing Crash on Long Island, Cheated 14 Families Out Of Their Homes’ Deeds and Equity. a mortgage foreclosure rescue scam.
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