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Complaints detail land trust scheme

By Kimberly Miller - Palm Beach Post Staff Writer



Florida homeowners say they paid thousands of dollars to a Plantation-based land trust, and signed away their deeds, in a complicated scheme that led to an attorney general’s lawsuit last week.

In seven complaints released by the attorney general’s office, borrowers say they were contacted by solicitors for Whitestone Capital Trust promising to cancel their current mortgage and offer a new lower mortgage that reflects their home’s current value.

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