"Our lenders have seen an increase in the number and variety of fraudulent schemes over the last several years committed against them," Crouch said. "It has cost the mortgage banking industry and other financial service providers billions of dollars."
[Heller here] Not to mention the Minneapolis taxpayers! "One common mortgage fraud scheme is "property flipping," in which property is purchased, appraised fraudulently at a much higher price and then quickly sold. The mortgage holder is then left with property worth much less than the loan it issued." [Heller here] Hmmmm.... - sounds like Brookfield/City Center. http://www.startribune.com/stories/709/4987596.html Relayed by Vicky Heller North Oaks and Cedar-Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
