The FBI- Foreclosure theft, as well as mortgage fraud, have become growing problems since the collapse of financial markets last year.
Newburg addressed a crowd of about 60 people, mostly real estate agents, at Tuesday’s presentation. The FBI’s Detroit office handles large-scale mortgage- and foreclosure-related complaints through a hot line.
He said there’s no one set way to determine whether, when someone who takes a fixture from a home they purchased and are now being foreclosured on, it constitutes theft.
Perhaps the homeowner owns the new fixture, but its removal could jeopardize a sale if it isn’t replaced, real estate agents explained.
Prosecutors decide on a case-by-case whether to pursue charges, Newburg said.
Read more from: Livingston Daily
Related News
