Saturday, March 14, 2009
Foreclosure scam artists rarely face jail time
LAS VEGAS - They call themselves loan modification consultants, negotiators or specialists. Some are legitimate, but many are simple con artists looking for desperate marks facing foreclosure amid the wreckage of the nation's housing market.
It's a good business, too, since in most states, there's not much of a chance they'll ever end up before a judge facing any time in jail.
"It's difficult for us to get prosecutors to do the investigations on misdemeanors," said North Carolina Attorney General Roy Cooper.
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