A 96-Year-Old's Mortgage Fraud Nightmare

Categorized | STOP FORECLOSURE FRAUD

A 96-Year-Old’s Mortgage Fraud Nightmare

A 96-Year-Old’s Mortgage Fraud Nightmare

Lillie Mae Washington may have been conned into an outrageous mortgage by a firm that had its license revoked. Ocwen Financial wants to evict her anyway.

Mother Jones

There is a term of art that was often used during the mortgage boom: “I’ll be gone, you’ll be gone,” or “IBGYBG.” In the mortgage business, it meant that however bad or risky or outright fraudulent a mortgage was, the person who originated it didn’t have to worry—he’d have sold it and moved on long before the borrower was the wiser. The people to whom broker sold the mortgage wouldn’t be held responsible, either—after all, they weren’t responsible for the fraud.

[MOTHER JONES]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8690 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives