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Friday, July 13, 2012

''Mortgage fraud reinvents itself''

From Chicago Tribune

''Appraisal fraud. Mortgage fraud. Foreclosure fraud. Foreclosure rescue fraud. There are so many ways to scam homebuyers, homeowners and lenders.

Who is doing the scamming? In one case, three attorneys and one former attorney pled guilty to conspiring to commit wire fraud and bank fraud in connection with a $66 million scheme involving over 100 home mortgage loans for residential properties in the New York City area, Westchester County, Dutchess County and Long Island.''

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