"4 Arrested In Alleged Foreclosure Scam"

That's the headline. Thanks again to Fred Eckert. At the April SDCIA meeting, Fred told us about a possible foreclosure scam. I mentioned that we all needed to step up to protect the integrity of our profession & make everyone aware that this was really a scam. Well...

Here's what Brent Carlson had to say & a link to the story:
"Take a look at this friends, Granting a property to a federal land grant will not escape a foreclosure. Note the company names Federal Land Grant Company, Land Grant Services and KBS Resources. If you've been doing any business with these guys stop now they have been arrested. If you've deeded one of your properties into this scheme I am sorry it looks like you are out of luck. Brent

brent has sent you a link: "4 Arrested In Alleged Foreclosure Scam - Money News Story - KNSD San Diego"
The link:
http://www.nbcsandiego.com/money/16367127/detail.html?taf=dgo

Augie Scampone added this link to same topic, different story:

http://www.voiceofsandiego.org/articles/2008/05/23/news/01foreclosure052308.txt

If you locate anyone that signed their property over to any of these groups, call the district attorney's hotline at 619-531-4475.

Keep an eye out for these creeps!

I wish you... Intelligent Investing!!!