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Real Estate & Property Law

: The Home Equity Theft Reporter

Straw Buyer Cops Plea In Alleged DC-Area Mortgage Fraud Scam Involving 25 Homes; Two Others Face Charges

By r morris

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The D.C. Examiner reports: Federal authorities say they?ve broken a nearly $5 million real estate scheme in which several suspects allegedly filed false mortgage documents so they could buy about 25 properties in the Washington area, only to let many slip into foreclosure.So far, at least one member of the scheme, Sabrina Weinberg of Bethesda, has pleaded guilty to mail fraud for buying seven

Full post as published by The Home Equity Theft Reporter on February 11, 2009 (boomark / email).

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