In a story released today by USA Today, we learned about a new fraud that had been taking place in Virginia, where investors were tricked into signing documents to purchase properties that had been appraised at inflated values. Countrywide Financial, who is suing the man who allegedly orchestrated the fraud, Robert Penn, “claims the defendants [...]
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U.S. Senate Plans to Consider "Foreclosure Rescue Scam" Legislation. Its Time to Speak Up, Investors!
by Jim Watkins | February 28, 2008Time to Speak UP! The following information is about what the U.S. Senate is up to. If any of this becomes law, it will have a direct and severe impact on my business. There are very good and honest investors out there and BiggerPockets has been a great place for new & seasoned investors to [...]