This is depressing.
First, the fraudsters entangled people in ridiculously complex and costly mortgages. Then they turned around and hit up the same desperate people with bogus mortgage modifications schemes.
Keep in mind: This scheme, in which a West Newbury man allegedly played a central part, took place right as Lehman Brothers was collapsing and through the worst of the recession.
Yet it took this long to indict them, leaving you wondering how many other similar mortgage-modification schemes were (and probably still are) out there.
File under: Grinches
Update – More woes for those with underwater homes. This time, it’s taxes.
Boston condos for sale:
Back to Boston condos for sale homepage
Contact me to find out more about this property or to set up an appointment to see it.
SEARCH FOR CONDOS FOR SALE AND RENTALS
- Back Bay
- Beacon Hill
- Charlestown Navy Yard
- Dorchester Heights
- Jamaica Plain
- Leather District
- Seaport District
- South Boston
- South End
For more information please contact one of our on-call agents at 617-595-3712.
Updated: January 2018