Ed and Steve lied to get a loanquote:Originally posted by TI:quote:Originally posted by Nuff:Come on TI ... these guys are crooks ... it worries me that you defend them dude.quote:Originally posted by TI:
Who was defrauded?
Guys like these are responsible for Fannie Mae going belly up and property values today falling by 30%. The fact that your property is worth less today than it was 5 years ago is because of scamps like Ed Ahmad.
Not defending nobody, but who got defrauded in this transaction?
The bank has a lien on this property that sold for 3 times the mortgage note. No sale could go through without the bank releasing the note or repossessing the property.
Falsyfying a loan is a federal crime. Now it appears they falsified hundreds of loans to get monies which was federally provided via the banks.
This is a federal crime. We are talking big time crime. You never mess with the feds. This is like bank robbery.