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Loan Modification

: Flipping Frenzy

Federal prosecutors after two Western Pennsylvania mortgage fraud suspects

By Ralph Roberts

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Frank S. Guzik Jr., 41, of Derry owned and operated investment and housing companies in Monroeville. He received more than $14 million from 105 investors before disappearing, federal court filings say. He promised annual returns of 8 percent to 14 percent from the practice of “flipping” properties — buying distressed houses cheaply, fixing them up [...]

Full post as published by Flipping Frenzy on June 14, 2010 (boomark / email).

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