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Federal Land Grant Company

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California AG Shuts Down Foreclosure Scam, With a Twist HW+

May 26, 2008By

With the fourth installment of the much-admired Indiana Jones movie franchise ringing up box-office gold this past holiday weekend, California Attorney General Edmund Brown busted his own group of villians that had been using their knowledge of U.S. history to rip off troubled homeowners facing foreclosure. A team of scam artists allegedly acquired deeds to hundreds of homes in foreclosure by convincing desperate consumers to place their property in a “land grant,” a phony and worthless real estate document.

3d rendering of a row of luxury townhouses along a street

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