Quote:
Originally Posted by Rabscuttle
A big scam was uncovered here recently (Carlsbad, California) that targeted mexican home owners that were in trouble with their mortgage - they managed to sucker more then 400 people with this scam because of taking advantage of the ignorance of their victums of US law and its differences between it and mexican law. In mexico, what they were proposing to the owners sounded OK, because a program like it DID exist in that country but not here...
The moral, know the laws or get a trusted property person who knows them for the country you hope to invest in...
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What happened, exactly? What were the differences in the laws that were used in this scam?