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Loan Modification

: Loan Modification & Home Loan News

Hearing begins in securities, mortgage fraud case

By Moe Bedard

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The investors said they were persuaded to refinance their homes to buy multiple investment properties, primarily in southwest Riverside County, with the guarantee their investment adviser, Pacific Wealth Management, would rent the properties and provide any additional money needed for mortgage payments. However, ultimately Pacific Wealth Management stopped making the mortgage payments and the houses [...]

Full post as published by Loan Modification & Home Loan News on November 09, 2010 (boomark / email).

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