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Loan Modification

: Mortgage Lender Implode-o-Meter

RBC sues former Calgary-area employee for inflating real estate values

By Implode-Explode Heavy Industries

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"The Royal Bank of Canada has filed an $8.9-million lawsuit against one of its former employees and members of his family over allegations they orchestrated a complex mortgage fraud scheme that has left the financial institution facing millions in losses for properties with artificially inflated values."

Full post as published by Mortgage Lender Implode-o-Meter on July 09, 2009 (boomark / email).

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