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Real Estate & Property Law

: The Home Equity Theft Reporter

Missouri Homebuilder Cops Plea To Bank Fraud; Accused Of Using Straw Buyers To Unload 16 Homes That Ended Up In Foreclosure

By r morris

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In St. Louis, Missouri, the St. Louis Post-Dispatch reports: The owner of a Crestwood development company pleaded guilty a federal bank fraud charge this morning and admitted orchestrating a mortgage fraud scheme that netted him hundreds of thousands of dollars and sent 16 area homes into foreclosure. Joseph A. Baumeister, 55, of St. Louis County, admitted that between January 2007 and October

Full post as published by The Home Equity Theft Reporter on February 12, 2009 (boomark / email).

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