Bad Boys of Bankruptcy: Episode 7: The Family Who Commits Mortgage Fraud Together Goes to Jail Together: The Case of Owner Management Service

40 Min Listen By: ABA Business Law Section

Since the Great Recession, foreclosure rescue and mortgage modification scams have been a growing problem, costing individuals thousands of dollars and even their homes. In one particular case, Owner Management Service, foreclosure rescue scammers convinced defaulting, desperate homeowners to transfer title to their homes to avoid an impending foreclosure. In this episode, Judge Elizabeth Gunn will be joined by bankruptcy attorney Sharon Weiss to discuss the substantive consolidation judgment that was achieved in the Owner Management case, dangers of foreclosure scams, and the challenges in trying to unwind these types of businesses and identify estate assets.


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