Thursday, June 19, 2008


Mortgage brokers, realtors, appraisers, lenders, buyers,... BE AFRAID.

Maybe you're next!

2008-06-19: Hundreds swept up in mortgage fraud arrests
WASHINGTON - More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis.

The most common type of mortgage fraud was misstatement of income or assets, followed by forged documents, inflated appraisals and misrepresentation of a buyer's intent to occupy a property as a primary residence.

1 comment:

Agent #777 said...

Any mention of whether any were named Serin?