Interesting news story about mortgage fraud

Interesting news story about mortgage fraud

Investor · Southeast, MI · Member since 2012 · 2k+ posts · 1k+ votes

Michigan Supreme Court justice pleads guilty to bank fraud charge

http://www.detroitnews.com/article/20130129/METRO/301290394/Michigan-Supreme-Court-justice-pleads-guilty-bank-fraud-charge?odyssey=mod|newswell|text|FRONTPAGE|s

A sitting state supreme court justice accpeted a guilty plea for mortgage fraud involving her short sale. She resigned her judgeship and is heading to prison. She will most likely lose her law license and real estate broker's license as well.

You do the crime, you do the time.

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    13y

    Rob, thanks for the post.
    I think that qualifies as a "Not So Strategic Default"

  • Residential Real Estate Broker · Pensacola, FL · Member since 2012 · 221 posts · 49 votes
    13y

    Disturbing. No matter how hard of a financial devastation one could have, holding onto their law/real estate broker licenses should have been paramount. One can always rebuild. IMO...*sigh...

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