Mortgage Fraud Sweeps Atlanta
By AAN Staff
november 1, 2002 03:21 pm
Creative Loafing Atlanta's Mara
Shalhoup talks to six women
victimized by one shady real-estate
operator, who allegedly falsified their
mortgage applications and helped
them buy homes they couldn't afford.
These six cases are only the tip of the
iceberg of mortgage fraud and identity
theft across America. "Nationwide, the FBI
estimates that mortgage fraud has
increased by 25 percent in the past
year alone -- and that up to 15 percent of
loan applications contain false
information," she reports.