Utah AG Prosecution Of Foreclosure Rescue Operator Accused In Dubious Equity Stripping, Sale Leaseback Deals Hits Another Delay

In Farmington, Utah, the Standard Examiner reports:

• One of the oldest foreclosure-rescue fraud cases in the state against a Morgan businessman has hit another road block. The Attorney General’s Office charged Jeffery Q. Wangsgard, 57, with three counts of communications fraud and two counts of exploitation. The charges were filed in February of 2008 and stem from dealings Wangsgard’s Layton company, Residential Resolve, had with three Top of Utah families who wanted to save their homes from foreclosure. Wangsgard was ruled indigent and Dee Smith was appointed as his defense attorney. However, Smith recently was appointed as a Deputy Weber County Attorney. The case is now under defense attorney Rich Gallegos. [...] Gallegos said the earliest he could proceed with a trial will be in six months.

For more, see Fraud case hits another roadblock.

See also, How A Utah Couple Was Kicked Out Of Their Home By Mortgage "Helper."

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