Marc Lieberman authors "Eeek! Run for Your Lives! It's the Equity Suckers!!" which was published in the November 1993 issue of Arizona Attorney.
Mr. Lieberman's article details unscrupulous parties who form uncapetalized shell corporations, buy the deed on distressed properties scheduled for foreclosure while promising the owner/trustor they will delay the property's foreclosure, while in turn transferring the properties to yet another shell corporation, continuing the scam.
Download a copy of the article using the link below.