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Resource ID: #23750
Subject: Mortgages
Source: Journal-Gazette (Fort Wayne, Ind.)
Affiliation: 
Date: 02/20/2007; 07/22/2007; 08/07/2007; 09/28/2007; 09/29/2007

$0.00

Description

A massive mortgage scheme that dramatically increased the price of rental homes at the closing table was uncovered by the Journal-Gazette. Novice investors were tricked into paying an inflated price for dilapidated homes with only the highest sale price recorded in official documents.

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