Industry News

North Carolina real estate scammers halted

Sold mobile homes and lots without clear titles

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Owners of a North Carolina real estate company that sold mobile homes and lots without clear titles have been asked to stop the practice and pay off deeds of trust and back taxes on the properties, officials said. A court found that Terri Hart and Jean S. Johnson of Cumberland County, N.C., violated the law when they could not convey clear title to the mobile home lots they were selling because lenders already held deeds of trust on the property, according to North Carolina Attorney General Roy Cooper. Hart and Johnson did not disclose these existing deeds of trust to the consumers who bought land and homes from them in Cumberland, Robeson, and Bladen counties, Cooper said. Because of these deceptive practices, consumers faced foreclosure even though they were current with their payments or had paid for the property in full and least three people were evicted from their homes due to foreclosure, officials said. "People bought a homeplace and made payments every month, only to find out ...