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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (123679)5/17/2008 12:28:22 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
for me it is distressed property investing again..been bored waiting too long for this environment to finally come back<g>



To: 10K a day who wrote (123679)5/17/2008 6:02:09 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
Policeman made 190 sales. Talk about the shoeshine boy...

Officer charged in mortgage loan scam

ibj.com

A veteran police officer has pleaded guilty to federal bank fraud charges for his role in an elaborate mortgage fraud scheme that bilked lenders out of hundreds of thousands of dollars.

Sgt. Robert Culp, who has served on the South Bend Police Department for 17 years, was relieved of duty with pay yesterday after entering a guilty plea in federal court in South Bend.

Culp, 43, of New Carlisle, was involved in a scheme between 2003 and 2007 that bought dilapidated houses and sold them at two or three times their actual value, according to federal court documents.

Investigators said Culp sold more than 190 homes in the South Bend area.