HOUSELOGIC: Mortgage Scam: Equity Stripping

Nobody prints “Equity Stripper” on a business card. Instead, these mortgage scam artists call themselves “Mortgage Refinancers” or “Mortgage Re-conveyers” or even “Mortgage Rescuers.”  But whatever their title, these lending predators are there to steal equity from home owners who, ultimately, are stripped naked financially and emotionally. Here’s how equity strippers suck you in and, often, throw you out of your home.