The Florida attorney general’s office shut down two more South Florida land trusts Monday, continuing a yearlong pursuit to stop multiple intertwined firms from selling a complex foreclosure rescue scheme to vulnerable homeowners.
A Broward County judge’s order Monday temporarily froze the operations and assets of the Lauderdale by the Sea-based firms of Cambridge Land Trust and Hartford Land Trust. The company’s owner, Robert Vitale, 42, is also named in the complaint.
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Palm Beach Post real estate reporter Kimberly Miller first uncovered the land trust practice in June 2012.
Scores of Palm Beach County homeowners have signed over their deeds to firms after being promised that their underwater mortgages would be canceled and they would get to keep their property.