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Real Estate & Property Law

: The Home Equity Theft Reporter

7 Bagged In Mtg Fraud Scam That Lured Straw Buyers w/ Phony "No Management" Investment Program, Sham Rent-To-Own Offers To Credit-Impaired Tenants

By r morris

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In Northern Ohio, WYTV-TV Channel 33 reports:The Youngstown Mortgage Fraud Task Force and the U.S. Attorney for the Northern District of Ohio are investigating a $7.5 million mortgage fraud scheme involving 48 properties in Mahoning and Trumbull counties. The U.S. Attorney's office indicted seven people, five of whom are from the Valley, Tuesday in connection with the scheme.***The indictment

Full post as published by The Home Equity Theft Reporter on September 02, 2010 (boomark / email).

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