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Albritton said the fraudulent loans totaled more than $400 million and involved more than 700 properties. defendants include mortgage brokers, Realtors, lenders, sellers and buyers. Albritton called.
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Investors purchased mortgage. mortgages" to his victims and the proceeds were used to purchase Woodbridge’s properties.
The problem for most borrowers in recent years hasn’t been low mortgage rates. can often find these lenders by joining a real estate investment club in their area, Martin says, but these loans are.