Bookmark this site
“It’s one of those things that hasn’t gotten a lot of attention, but the numbers are staggering right now, and I think they are going nowhere but up,” said Reggie Lloyd, director of the State Law Enforcement Division and a former U.S. attorney for South Carolina.
Kevin McDonald, acting U.S. attorney for South Carolina, said many professions have been touched by the fraud, including bankers, appraisers, lawyers, builders, real state agents and mortgage brokers, as well as unsophisticated or greedy investors willing to falsify documents or participate in get-rich-quick schemes.
Sometimes home buyers are victims, he said, and other times they are willing participants.
Read more from the Greenville Online
