The first domino fell in the prosecution of a New York mortgage fraud ring that profited off of scamming first-time homebuyers. The leader of the ring was sentenced up to seven years in prison May 21. Keep reading to see how the scams hinged off of fraudulent appraisals prepared by a veteran New York appraiser.

Via:: Leader of million-dollar appraisal scam sentenced

      

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Written by : Valuation Review

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