Hendersonville Tennessee Real Estate

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Jenny Markham

OPERATION STOLEN DREAMS Hundreds Arrested in Mortgage Fraud Sweep

The subject identifies a house close to foreclosure. The straw buyer “purchases” the home, but immediately defaults on the mortgage by never making a payment. The subject goes to the lender and arranges a short sale -- meaning the lender takes much less than is owed on the house. The lender never knew the short-sale (and resulting loss) were pre-meditated. The subject turns around and sells the house for full value.

 “From home buyers to lenders, mortgage fraud has had a resounding impact on the nation’s economy,” Mueller added. “Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement partners are tracking down your schemes, and you will be brought to justice.”

 Read the full article at http://www.fbi.gov/page2/june10/mortgage_061710.html

Hendersonville TN Realtor Jenny Markham, Lakefront & Luxury Homes


Don't spend a PENNY
'til you call JENNY!

Call Jenny, 615-812-4174

Jenny Markham
 
Jenny Markham
Email Jenny
 
Phone: 615-859-7150 Ext. 599
Cell: 615-812-4174
Fax: 615-431-2514
Address: 505 Johnny Cash Parkway
City: Hendersonville
State: Tennessee 37075

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