Man arrested for taking ownership of foreclosed home

WAKE FOREST (WTVD) -- The man who was the focus of an ABC11 I-Team investigation has been arrested in connection with an alleged scheme to take over ownership of foreclosed houses in the Triangle that are bank owned.

Shawn Pendergraft didn't apologize for what he's doing and says "it's not a scam" and is perfectly "legal."

Investigators arrested him after he moved into one of the bank owned homes. The ABC11 investigation revealed how Pendergraft has been able to get the deeds to several homes in the Triangle just by filing new deeds at the Register of Deeds office.

The Wake County Sheriff's Office arrested Pendergraft and charged him with breaking and entering, obtaining property by false pretence and trespassing.

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