Saturday, July 31st, 2010

Reverse Mortgage Fraud

Last week’s Wall Street Journal carried an article about real estate scams targeting older Americans .  It said, “Reverse-mortgage fraud, typically committed by homeowners’ relatives, caretakers or financial advisers, has also been cropping up recently in schemes to unload distressed real estate. Regulators cite cases in which real-estate speculators bought properties on the cheap and [...]