At the risk if turning this space into a mortgage and real estate fraud blog, we point you to another example of how ugly the underbelly of the real estate and lending business actually is, courtesy of the Star Tribune’s Jackie Crosby and Jim Buchta. This time, it’s not one or two crooked realtors/lenders out to screw one individual, but a group that created a process to systematically defraud lenders and funnel millions of dollars in illegal payments to buyers, sellers, brokers, title companies, and more. They did this by inflating sales prices and creating sham …
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