May 2011 Archives

Mortgage Fraud Crimes Can Lead to Stiff Federal Penalties

In the wake of the subprime mortgage implosion and the lagging economy, mortgage fraud has become increasingly common. But, the federal government has no intention of allowing the problem to continue unabated: significant resources have been dedicated to sniff out and penalize mortgage scammers. One pair of Minnesota siblings, Ericvan and Renee McDavid, have experienced firsthand the full force of the federal mortgage fraud enforcement system.

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