Slow housing market speeds up scam

Story date: 2007-10-28 12:01:00
Added on: 2007-10-28 14:00:20

Palm Beach Interactive - Although nothing is illegal about cash-back-at-closing deals in which all the details are disclosed to lenders, the arrangement veers into fraud when the sale is arranged to trick mortgage companies into lending far more than the house is worth. The ...


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