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Indiana Real Estate Agent Sent to Prison for Inducing Lenders to Approve Fraudulent Loans

Eloise Blackmon, Gary, Indiana, was sentenced to 10 months in prison for her role in a mortgage fraud scheme. Upon release, Blackmon was also sentenced to supervised release for a period of two years. The scheme involved the purchase and sale of up to 25 properties. The defendant and her co-conspirators submitted false and fraudulent […]

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US Supreme Court Rules on Mortgage Fraud Restitution Calculations

WASHINGTON (AP) — The U.S. Supreme Court has clarified how restitution must be computed in mortgage fraud cases. The justices in a unanimous decision Monday said that restitution to a bank that has been defrauded must be calculated based on the value of property when it is actually sold, and not the earlier date on […]

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Indiana Realtor’s License Revoked After Fraud Allegations

An Indianapolis realtor had his real estate license permanently revoked Wednesday after allegations that included conspiracy to commit mortgage fraud. The Indiana Real Estate Commission voted unanimously to revoke the license of David Garden and his company, Star Homes, Inc. The license had been temporarily suspended by the commission in January. The vote comes after […]

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