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Updated over 6 years ago on . Most recent reply

Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
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Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
Connect
Amy A.
  • Portland, ME
547
Votes |
616
Posts
General Landlording & Rental Properties

Investigation of multifamily loan fraud

Amy A.
  • Portland, ME
Posted

Did you see the Wall Street Journal article today?  Huge investigation of multifamily mortgage fraud.  One thing they did was fake occupancy by having radios playing in vacant units!  Several complexes are facing foreclosure.  This could get interesting...

https://www.wsj.com/articles/u-s-pursues-one-of-the-biggest-mortgage-fraud-probes-since-the-financial-crisis-1534357872?mod=searchresults&page=1&pos=2

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