More Victims of Mortgage Scam Identified

By
Services for Real Estate Pros with George Sheldon Photographer

The deep roots of Personal Financial Management entangled mess is worse than thought. Individual investors are now surfacing: one is a Willow Street (Lancaster County, PA) woman who is likely to lose $852,000.

The latest on this debacle is available from the Lancaster Newspapers at: http://local.lancasteronline.com/4/211751

and WGAL Channel 8:

http://www.wgal.com/news/14473901/detail.html

There are other developments in this case, too. It looks like there is a $40 million shortage, according to court documents. Later this month, the bankruptcy court proceedings will continue, which includes testimony from the owner of Peronal Financial Management. Stay tuned...

 

Comments (1)

Allen C. Wright
RealtyU - Aliso Viejo, CA
NS, AHS, REPS
Terrible news to read ... but the fact remains, until we as an industry increase the professional standards we will always attract quick money con artists.
Nov 02, 2007 03:22 AM