Two sentenced in foreclosure scheme

Two participants in a foreclosure rescue scheme were each sentenced to five years in prison yesterday, according to a press release from the U.S. Attorney’s Office in Manhattan. From September 2004 through April 2005, Andrea Moore and Michael Irving encouraged homeowners facing foreclosure to refinance their homes with larger mortgages by selling their homes to straw buyers. The homeowners were promised that they could remain in their homes and the titles would return to them within a year. Moore, 55, directed the daily operations of the scheme, while Irving, 44, was the recruiter. Moore and Irving primarily targeted homeowners in the Bronx and Brooklyn. TRD