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Real Estate & Property Law

: The Home Equity Theft Reporter

Lender Files Civil Lawsuit Against Players In Alleged South Florida Flipping Scam

By r morris

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In Broward County, Florida, the South Florida Sun Sentinel reports:In the two years Patrick R. Newman lived in South Florida, he bought and sold more than a dozen condos ? flipping some several times within hours or days ? in a mortgage fraud strategy that allegedly duped a bank into approving millions of dollars in questionable loans. Newman died in 2006, as FBI authorities were investigating

Full post as published by The Home Equity Theft Reporter on March 23, 2009 (boomark / email).

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