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FBI stings local Realtors for $9MM fraud

Posted on: Thu, 03/17/2011 - 04:53
FBI stings local Realtors for $9MM fraud

I saw this today because Palm Coast, Florida is one of my favorite places. Here is an example of Greed Gone Wild!

http://www.gotoby.com/news/gotoby_triggers_palm_coast_mortgage_fraud_inv...

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Posted on: Thu, 03/17/2011 - 05:26 #1
Thanks Bill

More grime news in the fact that it is happening. But you provided a good report.

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Posted on: Thu, 03/17/2011 - 11:13 #2
Bill

Agents consider investors as the bad guys. Interesting...Jan


Posted on: Thu, 03/17/2011 - 13:43 #3
good info

thanks Bill
Regards
Tom


Posted on: Thu, 03/17/2011 - 15:11 #4
unfair spin

It looks to me like RE Agents, Mortgage Brokers, Appraisers and Buyers/Investors were all guilty in this scam. To single out Realtors seems a little unfair to me.

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Posted on: Thu, 03/17/2011 - 18:59 #5
Al, you are right,

every group you mentioned was part of the sting operation. They all got arrested; they just made the Realtor the key name in the indictment.

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