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20 years for $20 million real estate fraud?

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Mortgage Professional America | 22 Sep 2015, 06:30 AM Agree 0
A man being investigated for a telemarketing real estate scheme could face up to 20 years in jail
  • Foys | | 22 Sep 2015, 03:59 PM Agree 0
    Only in America is the stupid buyer protected and the entrepreneur charged.

    Buyer beware. Do your do diligence before buying a $15,000 house in Detroit.

    From what the article is saying, I'm not seeing what the Seller did wrong.
  • | | 22 Sep 2015, 10:49 PM Agree 0
    They inflated values. Now in WI I pointed out a FDIC troubled bank dropped values from $2m to $367k to not renew books and get the real estate for their books, used forgery, fraud, and blank guarantees. The FBI looked the other way as did the WDFI, hoping to keep banks and lawyers out of trouble and stealing real estate from business owners. Clearly, they choose selectively who will get prosecuted. If you can afford $15k for a house, get off your rear end and fly there to check it out for $359.--
  • | | 22 Sep 2015, 10:51 PM Agree 0
    Not renew notes or mortgages. Typo.
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