SacBee reports on a bando scam:
The real estate agent implicated in an alleged scheme to rent out a home she had no legal right to was booked into the Sacramento County Jail this morning on criminal trespass charges, jail booking records show.
Powers and three others have been sought since Tuesday, when police issued trespass warrants in what they said was a "cash for keys" scheme in which the home was rented out to a couple about two weeks ago. Police believe the tenants and Powers, as well as the fourth suspect, are all related and had hoped to elicit a payment from the bank that owns the home in exchange for moving out.
I predicted this long ago but reiterated the concept when I found out recently Countrywide was offering up to $5000 to vacate. Just another moral hazard of changing the rules.