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The Home Equity Theft Reporter: Florida Feds Obtain Indictment In Alleged Mortgage Scam Involving 79 Homes, $24M In Fraudulently Obtained Loans, $5M In Lender Losses Bob Jensen's Threads on Rotten to the Core – Sites.Trinity.Edu – The indictment alleges wise fraudulently induced victims to invest $66 million with false promises of high-yield returns by making short-term, high-interest, hard-money loans in real estate ventures. He is accused of using a web of bank accounts and entities from June 2005 to December 2008 to deceive his clients.

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The Foreclosure Report: ‘Unendurable Strain’ From ARM Resets How one family’s mortgage is linked to meltdown – So when the Goldrick family’s adjustable rate mortgage reset while husband Patrick was off work for a job-related injury, it eliminated the thin margin between their income and the mortgage payment.

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