Mortgage Fraud: A Hidden Danger
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One house. Five fake buyers. Millions stolen. Fraudsters recruited straw buyers — people
who lent their names but couldn’t pay. Fake documents were submitted: income, jobs,
credit history. Mortgage brokers didn’t care — they got paid per loan, not per quality.
The lenders approved the mortgages because, on paper, everything looked legal.
Then the houses were flipped or sold, and the money disappeared. Investors thought
the loans were safe. They weren’t. Some fraudsters went to jail. Others walked away.
The lesson? Mortgage fraud can hide in plain sight — legal, but deadly.
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