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Real Estate & Property Law

: The Home Equity Theft Reporter

Colorado Mortgage Broker Charged With Forging Documents, Fudging Numbers To Obtain Unaffordable Loans For Homeowners

By r morris

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In Wheat Ridge, Colorado, KUSA-TV Channel 9 reports:Investigators say a mortgage broker forged documents and doctored numbers to get people into homes and loans they couldn't afford, leading to a string of foreclosures. Zach Magalei will appear in Jefferson County Court next week. He surrendered to police last week after they obtained arrest warrants for felony theft and forgery.Magalei, and his

Full post as published by The Home Equity Theft Reporter on May 27, 2009 (boomark / email).

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