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Loan Modification

: Flipping Frenzy

A $200 Million Mortgage Scheme

By Ralph Roberts

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Dr. Fred Bloom unwittingly sold this house into what may have been a mortgage-fraud ring. I may be on the losing end of a $200 million mortgage-fraud scheme. Earlier this year, my colleagues and I bought a tiny slice of a toxic asset, a bond backed by a bunch of bad mortgages. We?ve been using the asset [...]

Full post as published by Flipping Frenzy on July 25, 2010 (boomark / email).

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