Lying for Dollars Air Loans-Borrowing Money Out of Thin Air
The ultimate con, the con artist erects an imaginary world of his very own, consisting of borrowers, buildings, employers, appraisers, credit agencies, and anything else he needs to secure a loan. None of this exists… at least legitimately. This web site flippingfrenzy.com explains air loans and features two case studies complete with expert analysis of how the deals worked along with a post mortem on how the deals could have been avoided.
What Is an Air Loan? please post
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