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Loan Modification

: Flipping Frenzy

Gerald Carti of Failed US Mortgage Corp. is Guilty of Illegal Flipping and Mortgage Fraud

By Ralph Roberts

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Image via Wikipedia Gerald Carti, a 62-year-old loan officer and owner of a filed mortgage New Jersey-based mortgage company, pled guilty last week to wire fraud conspiracy and money laundering conspiracy in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, NJ. Carti, who ran US Mortgage Corp., was originally scheduled to go [...]

Full post as published by Flipping Frenzy on March 02, 2009 (boomark / email).

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