The Real Deal New York

Brooklyn mortgage scammers found guilty

November 17, 2008 03:50PM

The owners of a Brooklyn
foreclosure rescue company were found guilty late last week on charges
of conspiracy, wire fraud, and bank fraud, following a 14-day jury
trial in Manhattan Federal Court. Between September 2004 and April
2005, Andrea Moore and Michael Irving, who ran phony company Homes R Us USA,
convinced distressed homeowners to sign over the deeds to their homes
so they could have their mortgages paid for 12 months while they got
their finances in order. The company took out large loans in the
name of the homeowners and never made payments on the victims’ mortgages, pocketing the money and
allowing the homes to foreclose. TRD

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