They
would assist clients facing default on their current loans to arrange
for short sales of their properties but unknown to the lending
institutions, they would arrange for the properties to be sold to straw
buyers and the original owners would remain in the properties, and enjoy
the benefits of the new loans that the lenders assumed were made to
other individuals, the grand jury contends.
If convicted, Ms. Marquez and Mr. Keatts face a maximum statutory penalty of 30 years in prison and a $1 million fine.
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4 comments:
ReMax of Tennesee
I thought it was Photoshopped...
So far at least, austerity is winning the war
Not sure I'm buying either real austerity or real recovery...
:nytol:
Austerity is spdeficit spending? And what is this crap that says tax increases are necessary?
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