Loan Modification Scammers Preying on Hispanic Homeowners

The scams are as varied as ingenuity allows. Just when we thought we have seen every variety, we see something new,” says Richard Farrell, chief of the new Real Estate Fraud unit at the offices of Brooklyn D.A. Charles Hynes.

“We still have people forging deeds, powers of attorney, selling buildings to straw buyers,” says Farrell. “Anything that can be forged is forged: W-2, bank statements, you name it.”

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One Response to “Loan Modification Scammers Preying on Hispanic Homeowners”

  1. what the !@#$ says:

    This has been the case in almost any industry.

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