While this did not occur in South Florida, this vidoe illustrates how easy is has been to defraud using state-income loans. It was also a significant driver of property value increases, especially late in the bubble.
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3 comments:
That's right up there with the strawberry picker who financed a $720,000 in California.
For those of you who didn't see that article back when it was make the rounds in the blogosphere, here it is:
Strawberry Picker goes big.
I personally don't feel sorry for such a fool. And now she is a victim?
This is the resason why I refuse to buy in this market. 11 more just got charged with fraud in Miami.
She was in on it and the banks are fools to let this happen. Put the agents and all the people involed in jail. Even put her in jail!!!!!!!
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