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Bullboard - Stock Discussion Forum Global 8 Environmental Technologies Inc GBLE

GREY:GBLE - Post Discussion

Global 8 Environmental Technologies Inc > Mortgage fraud thrives in good and bad times
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Post by LittleLady on Sep 14, 2010 12:00pm

Mortgage fraud thrives in good and bad times

Attention mb you know anything about this?

Mortgage fraud takes many forms, but a well-organized scam frequently involves a limited liability company (LLC) or a "straw buyer." In this scheme, fraudsters use a fake identity or that of someone else who allows them to use their credit status in return for a fee. The seller pockets the money the buyer borrows from a lender to pay for the home. The buyer never makes a mortgage payment and the property goes into foreclosure.
Comment by WoodenBoomerang on Sep 15, 2010 9:40am
mburns2000 you know anything about this? Attention mb you know anything about this?Mortgage fraud takes many forms, but a well-organized scam frequently involves a limited liability company (LLC) or a "straw buyer." In this scheme, fraudsters use a fake identity or that of someone else who allows them to use their credit status in return for a fee. The seller pockets the money the ...more  
Comment by Tiktock on Sep 17, 2010 2:30am
Little Lady: Another great post!!! Well done. We loved the cheese loafs. Can you please send the recipe to my wife. MBurns is a mortgage/real-estate broker. Perhaps that is why we have the pump and dump as a secondary occupation. Smart Rookie is also one too. A shareholder emailed my a few letters, I''ll email them to you, and/or post them on the web. Yes, one ...more  
Comment by WoodenBoomerang on Sep 18, 2010 4:33pm
Repost from MR.TOCK. big surprise on it's way mburns2000 I'm sure you will be pleased and mad at the same time. Is that possible? Little Lady: Another great post!!! Well done. We loved the cheese loafs. Can you please send the recipe to my wife. MBurns is a mortgage/real-estate broker. Perhaps that is why we have the pump and dump as a secondary occupation ...more  
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