8 accused of loan scheme

8 accused of loan scheme

There are 21 comments on the Baltimore Sun story from Jun 13, 2008, titled 8 accused of loan scheme. In it, Baltimore Sun reports that:

Federal prosecutors accused eight people yesterday of bilking homeowners and banks of more than $35 million in a complicated mortgage fraud scheme involving phony loans and home purchases.

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“Zero Tolerance”

Since: Jun 08

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#22 Jun 26, 2008
Roger Wilson wrote:
String 'em up! This kind of crap gives everyone in the industry a bad name. People need to learn how to protect themselves.
You mean bankers, realtors and mortgage companies aren't already up there with lawyers and used car salesmen?

#1 reason qualified people don't buy a home: poor experience dealing with those who serviced a previous home purchase

Probably the same reason a lot of folks are walking into car dealerships with a check already made out for the most they're willing to pay for a vehicle: since all deals aren't equal, somebody's bound to be screwed.

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