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Mortgage fraud indictments are beginning to surface in light of current market conditions and the serious level of foreclosures taking place in Ohio.  The Akron Beacon Journal recently reported that authorities are in the discussion phase leading to a 106 account for 19 area co-defendants using three business names.

You can read the article by following this link:

http://www.ohio.com/news/break_news/27992044.html

I'm sure as this story unfolds there will be more news to follow.

 

More has been written in the Akron Beacon Journal on the mortgage fraud indictments on 9/9/08.  I am adding the link to this post should anyone be interested in reading the article published in our paper.

http://www.ohio.com/news/top_stories/28042044.htm

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2 Comments on Akron Beacon Journal Reports on Mortgage Fraud Indictments

SEP
08
2008
115,954 Points

Unfortunately or fortunately, we are going to start seeing this a lot more often in the next 12 to 18 months. There were a lot of unscrupulous practices perpetrated on unsuspecting and innocent consumers. We need tighter regulations and making an example of these people is something that is seriously past due

Bo
11:32am • #1
131,867 Points

Bo, I couldn't agree with you more.  It is the "unscrupulous" that cast a cloud over everyone in the industry.  Thank God for the good ones!
1:20pm • #2

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Jon Wnoroski, Summit County Realtor

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