Foreclosure consultant FRAUD

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Here is an example of why so many states have tough "foreclosure consultant" and "equity purchase" Laws:

Tuesday, May 27, 2008
CA AG Shuts Down Foreclosure Scammers

California Attorney General Brown today shut down a team of scam artists that acquired deeds to hundreds of homes in foreclosure by convincing desperate consumers to place their property in a “land grant,” a phony and worthless real estate document. Investigators from the San Diego District Attorney’s Office and FBI agents served arrest warrants and three search warrants during one of the land grant seminars in San Diego.

FULL ARTICLE:

http://www.mortgagefraudblog.com/index.php/weblog/permalink/ca_ag_shuts_down_foreclosure_scammers/