The Glendennings had sold the North Shields home they had lived in for almost 25 years to NEPB in 2005, and were promised a secure home for at least a decade and a PS35,000 lump sum.
When an accident at work forced chef Eric Duff-ield to quit his job, he felt he had no choice but to sell his Newcastle home to NEPB.
The arrests came weeks after police raided offices of NEPB, Newcastle Home Loans - run by David Purdie, 51 - and seven homes linked to the two firms.
Officers are investigating mortgages of up to pounds 170million, allegedly taken out in the names of people linked to NEPB bosses Mike Foster, 36, and Grace Purdie, 47.
No jail sentence would be long enough to make up for the misery NEPB
had caused her, she said.
The market value of the three-bedroom house at the time was pounds 73,000, but NEPB, as was their practice, bought for well below the standard rate at pounds 53,000.
The Evening Gazette tried to contact NEPB but the firm's website is offline and states it is "undergoing some maintenance" and the telephone number provided was dead.
They paid rent every month and NEPB was supposed to be paying the new mortgage - but they discovered in November it was in arrears and now the Evans' have been served with a repossession order.
Police raided the offices of NEPB last week, along with Newcastle Home Loans and seven homes linked to the two firms.
But, Ms Bewsey said, NEPB didn't actually acquire a single property in its own name.
A fifth defendant, Peter Wardle, worked as a bookkeeper for NEPB.
Many, like Gordon Nixon, of Stocktonon- Tees, had got into mortgage trouble and sold to NEPB
for pounds 130,000 - but after the pounds 77,000 debt was paid and NEPB
took pounds 12,000 in advance rent, plus pounds 26,000 he was due to get back after 10 years, he banked just pounds 13,500.