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Loan Modification

: Flipping Frenzy

Five Charged in $70 Million ?Dream Home? Mortgage Fraud Scheme

By Ralph Roberts

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WASHINGTON?A federal grand jury has indicted four defendants, and an information has been filed against a fifth defendant, for their participation in a massive mortgage fraud scheme that allegedly promised to pay off homeowners? mortgages on their “Dream Homes,” but left them to fend for themselves, Assistant Attorney General of the Criminal Division Lanny A. [...]

Full post as published by Flipping Frenzy on January 25, 2011 (boomark / email).

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