Foreclosures.com issued a press release suggesting that flipping of properties with inflated appraisals and outright fraud on mortgage lenders was a major factor in the persistently high level of foreclosure activity in the Chicago metro area. The company notes high levels of foreclosure filings in Cook County.
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Mortgage Fraud and Chicago Foreclosures
Monday, February 28 2005 06:09
Press Release of Foreclosures.com
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Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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