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Real Estate & Property Law

: The Home Equity Theft Reporter

Mass. AG Indicts Six In Alleged Mortgage Fraud Flipping Scam; $12M+ In Fraudulently Obtained Loan Proceeds Used In Purchase & Sale Of 26 Homes

By r morris

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In Boston, Massachusetts, The Patriot Ledger reports:Six people, including a 29-year-old Brockton resident and a Walpole man who used to have a law practice in Quincy, were charged in a $2 million mortgage fraud scheme. They offered to buy long-unsold properties for below the listing prices, and recruited others to buy the properties as an investment with a promise to renovate them, Attorney

Full post as published by The Home Equity Theft Reporter on December 24, 2009 (boomark / email).

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