Sorry I haven't written in a while, but my beloved dog, XENA, was very ill and passed away this past Monday evening. It was the saddest day of my life. She gave my husband and I fourteen great years together and we miss her very much. I am grateful we were blessed to have her in our life. I'm also grateful for the lessons the animals teach us 'humans'. The world needs more unconditional love and honesty.
Which brings me to my point. Check out the FBI's website at
http://www.fbi.gov/page2/dec05/mortgagefraud121405.htm
which displays an interesting photo of a home in Detroit, inflated by flipping, that sold for $25,000 one day, and a whopping $250,000 the next. You would not want to have been the buyer or the lender on this one! Just wait til you see it for yourself. While you're there, take a look at some of the other photographs "exposed" on the website as well.
I am glad these dishonest appraisers were indicted and I'm glad to see that the Federal Government is stepping up enforcement of mortgage frauds involving inflated prices for real estate.
Maybe they should have gotten a dog instead of a license!
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