1 Articles match "Abandonment","California","Los Angeles"
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Foreclosure Crisis Sparks Surge in Arson
In Massachusetts , there’s a growing concern that foreclosure arson is becoming a problem around the state as more and more properties are abandoned. We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Foreclosure Crisis Sparks Surge in Arson
In Massachusetts , there’s a growing concern that foreclosure arson is becoming a problem around the state as more and more properties are abandoned. We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com
- Tuesday, December 16, 2008