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Real Estate & Property Law

: The Home Equity Theft Reporter

Builder/Lender To Cough Up Million$ In Settlement With Feds Over Fraud Allegations That It Screwed Over Homebuyers In Loan Application Process

By r morris

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In Charlotte, North Carolina, The Charlotte Observer reports:Federal investigators [last week] filed mortgage and accounting fraud charges against Beazer Homes USA, but the homebuilder will escape prosecution because it agreed to pay $50 million to victims and accepted responsibility for its actions. The charges, entered in U.S. District Court in Charlotte, relate to Beazer's participation in a

Full post as published by The Home Equity Theft Reporter on July 07, 2009 (boomark / email).

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