13 charged in mortgage-fraud ring

Full story: Columbus Dispatch

Thirteen people were indicted yesterday in connection with a $9 million mortgage-fraud scheme involving central Ohio properties.

Read All 5 Comments

Comments

Showing posts 1 - 5 of5

Paul-Columbus

Berkeley, CA

People like this give people in the Mortgage Industry a Bad Name.
Really Sad.

CarGuyBri

Dayton, OH

LOL! And everybody thinks people in the car business are crooks and theives! Hey mortgage brokers... TAG! Your it!

ColsMan

Columbus, OH

Judged:

The system is ripe for the picking if your intent is to defraud it. The real problem is this is treated as a "victomless" crime and the punishemets do not fit the deed. Fines, loss of Real Estate and appriasal licences, and minimal jail time (mostly probation and public service hours) are all that are applied. Most of the time the funds are never recovered and the mortgage holders end up eating the loss, reposessing the properties, and Joe six-pack has to suck it up and live next door to a dilapilated crack house until the next round of get rich quick scammers come along. There is no fix in sight!

TynoWms

Elizabethtown, PA

Judged:

This is a disgrace and to know one of the accused is a federal gov't employee. How did this activity get pass the security background check that has fired people for far less than this.

meto

Reynoldsburg, OH

test

	Sign up to receive email when someone responds
	(registration is not required)

Showing posts 1 - 5 of5

Type in your comments to post to the forum

Name
(appears on your post)

Comments

Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Mortgage Discussions

Topic	Updated	Last By	Comments
City needs a housing agency - Hawaii Editorials	13 min	alice	13
Jondi Gumz, Reporter at Large: Santa Cruz borro...	21 min	KPIG	10
Extra pinch for landlords	46 min	sock	17
Go-to guy on foreclosure cleanouts sees it all	48 min	MagicPoolSvcs	68
Mortgages: Miami man faces fraud charge (Dec '08)	2 hr	Cherokee	47
Can SunTrust Be Trusted?	3 hr	Real Investor	2
Toll Brothers to Webcast Live November 18th and...	3 hr	Los Angeles ...	2