FBI report on Mortgage Fraud

by admin on December 6, 2007

With soaring foreclosure reports many imagine families on the street, couches on the curb and the other sad images of home foreclosure. Seems that many foreclosed homeowners may not have ever existed.

This FBI Report suggests that many foreclosures are being made on straw buyers – and the foreclosures are on properties that were never truly purchased by homeowners.
home foreclosures

http://www.fbi.gov/publications/fraud/mortgage_fraud06.htm

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