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Posted: 8:36 AM Aug 9, 2008
Mortgage Fraud
Michigan Man sentenced for mortgage fraud. Reporter: AP |
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2 Comments wilxTV Tweets...
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Housing fraud was done to many and by many.Realastate people pushed them sales as many got suckered into deals.But were not really deals.Oil companies sure made there money and got away with way to much,hurting the economy and bringing many jobs to a close and many lost jobs.Even the big car companies got hit hard.Oil prices raised many prices as people just can't make it.lost so much.No one can stop the oil companies and surely bush didn't want to as his family and friends were so invested.Owned so much oil land.Now many in N Dakota find oil and become rich as many all over the usa.Many millionairs were made.Money taking care of money.Sure look at the tax money the government collects off the rich,But are given large tax breaks.If something is in demand and needed,It costs.Pay or don't have.Should be against the law but isn't.Housing suffers now.Many got away with too much.Names are not comming out but money was made over and over.Same with oil prices.Many will not pay for their crime.
I wonder if the partner not mentioned was scott day working for coldwell bankers and wells fargo. he told us we could afford a $130,000 home and he would refinance us after one year. We struggled through the first year then he told us we didn't have enough equity to refinance. We would not have bought the house if we saw that coming. We were first time buyers and had to forclose on the house. We will never buy another house.