The Denver Post three articles devoted to real estate and mortgage fraud:

  • 3 men named in real estate scam

    • The indictment claims the men solicited investments in duplex projects in Colorado, Texas and Florida that were never built.

  • Big profits oil the wheel of loan fraud

    • Former prosecutor Anthony Accetta cleaned up mortgage fraud 34 years ago – or at least, he tried.

    Accetta said nobody in the lending industry cares about mortgage fraud, because nobody in the lending industry suffers when a loan goes bad. The mortgage industry is a financial game where all of the players are covered against losses.

  • FHA program key in surge of foreclosures

    • A key factor in the state’s record-setting wave of foreclosures, critics say, is an FHA program that allows people to borrow more than their houses are worth with little or no money down.

    Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.

To read more about mortgage and real estate fraud check out these two blogs:

  1. Flipping Frenzy
  2. Mortgage Fraud Blog
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