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'Single Mom' Straw Buyer w/ Few Assets Who Bought Ten Homes That Ended In Foreclosure Cops Quick Plea, Blows Whistle On Alleged Mortgage Fraud Racket

By r morris

In Tampa, Florida, the St. Petersburg Times reports:Three Tampa Bay men have been indicted in a $1.84 million mortgage fraud involving 10 properties purchased without a penny down. The indictment unsealed Tuesday stems from a 2006 St. Petersburg Times story detailing a mysterious real estate spending spree by a single mother with few assets.(1)But federal prosecutors say the single mother was a "

Full post as published by The Home Equity Theft Reporter on March 13, 2011 (boomark / email).