Man Pleads Guilty In Mortgage Rescue Scheme

by has posted an article about a recent case where a Brooklyn man has pleaded guilty for running a scheme that falsely promised to help homeowners keep their homes and amend their credit scores.

Garth Celestine, the guilty schemer, was the owner of Home Savers Consulting Corporation. Prosecutors are saying that he, along with other conspirators, “told homeowners facing foreclosure that they could save their homes by transferring title to straw buyers recruited by Celestine and his business partner.” They applied for mortgages using the names of “straw buyers” to get the get the most equity possible from the properties and then kept the money.

Celestine will be sentenced on July 12th and faces 20 up to years in prison.

If you would like more information on foreclosures, please check out our articles The Three Stages Of Foreclosure In Alabama and Wrongful Foreclosures In Alabama.

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