Another Home Mortgage Scam

HardTheHerald.com:

Fifty Utah homeowners thought they found a way to make their mortgages disappear into thin air.

Instead, they found themselves victims of a scam, $3,000 poorer and, in some cases, facing foreclosure on their homes.

Authorities say Dale Scott Heineman and Kurt F. Johnson may have victimized hundreds of homeowners with their claims that mortgages are invalid because -- according to the duo's sales pitch -- the national banking system is an elaborate hoax.

Heineman was arrested May 28 in California and Johnson is still free.

But like many scams, which Utahns seem to have an uncanny knack for buying into, the victims could have protected themselves by using simple common sense.

Posted by Tim on June 07, 2005 | 0 Comments

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