Mortgage Fraud Sweeps Atlanta

november 1, 2002  03:21 pm
Mortgage Fraud Sweeps Atlanta
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.