distressed property consultat: Mortgage Scam Bust
- 04/21/09 04:17 AM
Finally, the long, slow arm of the law has thrown one of the local mortgage fraud scammers into the slammer. This case began in 2005, and the perpetrators won't be sentenced until September 17, 2009. Still, they have been convicted, and the day of reckoning has come! Back in mid 2008, I posted a blog about a Mortgage Fraud Bust in Honolulu, which involved five people, including loan officers and middlemen, basically run with the "We Buy Houses" signs, used as bait to find distressed homeowners. Back then, the FBI had said that they were investigating several more cases that were run (2 comments)