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Real Estate
The Real Estate Adviser |
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April 27, 2006
New fund helps state fight mortgage fraud
Last year, a mortgage broker in the Tacoma area filed a false second lien against a property as it was headed to closing. The man planned to take advantage of an unsuspecting couple and quietly pocket $24,000 in his own account when the loan eventually funded.
Until recently, Pierce County and other county prosecutors — already deluged with other major crimes — faced a difficult decision: Should they place other compelling cases on the back burner and go after a mortgage fraud case?
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