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Resource ID: #9273
Subject: Mortgages
Source: WPLG-TV (Miami)
Date: 1992-10-30



WPLG-TV (Miami) reports on a scam by a businessman who acquires homes in foreclosures from uneducated and illiterate homeowners, in which the owner signs over the deed to the property and becomes a tenant in the home he has been making mortgage payments on; the rent is raised beyond the tenant's means, and eventually evicted, Oct. 29 - 30, 1992.

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