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Baltimore Beats Real Estate Bandits

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01-22-2006, 06:13 AM

Veronica Corningstone Veronica Corningstone is offline

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Baltimore Beats Real Estate Bandits

More than 100 defendants were sentenced last year as part of a concerted effort by federal prosecutors to stifle property flipping and appraisal scams that had been rampant in entire neighborhoods. "We still have some open investigations," a spokeswoman, who handles mortgage fraud for the U.S. attorney's office in Maryland, told MortgageDaily.com. "But the volume is going down. We hope we're one of the reasons" for the decline.

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