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Loan Modification

: Flipping Frenzy

Cal broker sentenced in mortgage fraud scheme

By Ralph Roberts

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A former mortgage broker was sentenced to 78 months in federal prison for a fraud scheme that involved buying houses in some of Southern California’s most ritzy neighborhoods and selling them to fake buyers at inflated prices. Mark Alan Abrams of Los Angeles was also ordered Friday to pay more than $41 million in restitution to [...]

Full post as published by Flipping Frenzy on September 03, 2010 (boomark / email).

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