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Sale & Rent Back. A Warning.
FraudBuster
Posts: 931 Forumite
DETECTIVES investigating what is alleged to be the UK’s biggest mortgage fraud have made a further seven arrests in the region.
Six men and one woman were arrested during raids in Darlington, Newton Aycliffe and Barnard Castle.
The firms bought homes from people struggling to pay their mortgages and allowed them to rent them back.
But they allegedly defaulted on repayments, leading to scores of repossession orders in the county courts.
Detectives believe hundreds of people across the country have fallen victim to the alleged scam.
http://www.thenorthernecho.co.uk/news/5035500.Arrests_in_mortgage_fraud_inquiry/?ref=mr
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