Foreclosure Homes, Miami Beach Real Estate

Huge Foreclosure Case, Nineteen Indicted

On Monday, Federal officials announced the indictment of 19 people in what they call the largest "foreclosure rescue" scam in the nation. This foreclosure scam allegedly took in more than $12 million and affected more than 100 foreclosure homes.

In Sacramento, the mortgage-fraud case was announced at the federal courthouse where the defendants were charged by a grand jury with mail fraud, money laundering and conspiracy to commit both.

The Sacramento Bee, in February, obtained a search warrant for the case, which victimized homeowners throughout the nation.

Full article...19 Indicted, Miami Beach Real Estate