2013-06-19 — nationalmortgagenews.com
``The DOJ said Williams' scam started in October 2009 and lasted a little more than a year. According to the DOJ, the primary purpose of this conspiracy was to suppress competition and conceal payoffs in order to acquire the real estate assets that were up for auction at non-competitive prices. When real estate properties are sold at these types of auctions, the proceeds are used to pay off the mortgage and other debt attached to the property, with the remaining proceeds paid directly to the homeowner.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.